Trans-China Automotive Holdings Ltd. (SG:VI2) has released an update.
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Trans-China Automotive Holdings Limited has fully utilized the S$16.3 million net proceeds from its 2021 IPO, investing in the renovation of a BMW store in Chongqing, expanding its dealership network, and for general working capital. The investment includes enhancing existing operations in several Chinese cities and diversifying into new regions and brands, as well as complementary businesses.
For further insights into SG:VI2 stock, check out TipRanks’ Stock Analysis page.