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ZICO Holdings Inc. ( (SG:40W) ) has issued an announcement.
ZICO Holdings Inc. has entered into convertible loan agreements with four investors to raise up to S$2,000,000. The funds will be used for general working capital and to support business growth and expansion initiatives. The convertible loan can be converted into new ordinary shares, with a total of up to 49,261,083 shares potentially being issued. This strategic financial move is expected to bolster the company’s operational capabilities and support its expansion plans.
More about ZICO Holdings Inc.
ZICO Holdings Inc., incorporated in Labuan, Malaysia, operates in the financial services industry. The company focuses on providing a range of services through its subsidiaries and associated companies.
YTD Price Performance: -42.00%
Average Trading Volume: 62,077
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$13.11M
For an in-depth examination of 40W stock, go to TipRanks’ Stock Analysis page.