Hong Leong Asia Utilizes $6 Million From Rights Issue Proceeds for Plant Construction
Hong Leong Asia Utilizes $6 Million From Rights Issue Proceeds for Plant ConstructionHong Leong Asia利用供股收益中的600万美元用于工厂建设
Hong Leong Asia利用供股收益中的600万美元用于工厂建设
11:35 PM EST, 11/28/2022 (MT Newswires) -- Hong Leong Asia (SGX:H22) said it has used a further SG$7.8 million ($5.7 million) of the total SG$201.1 million net proceeds raised from its October 2018 rights issue.
The company used the funds to construct a fully mechanized integrated precast plant in Singapore, according to a late Monday bourse disclosure.
So far, the manufacturer and distributor of diesel engines has utilized SG$182.8 million worth of net proceeds, with SG$18.3 left in balance.
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