Trans-China Automotive Holdings Ltd. (SG:VI2) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.