Trans-China Automotive Holdings Ltd. (SG:VI2) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Trans-China Automotive Holdings Limited has announced a reallocation of its IPO proceeds, initially amounting to S$16.3 million after expenses. The company plans to expand its existing dealerships and service centers in six Chinese cities and grow its network into new regions with additional premium auto brands. A further S$5 million has been earmarked for general working capital purposes.
For further insights into SG:VI2 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue