Trans-China Automotive Holdings Ltd. (SG:VI2) has released an update.
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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.
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