GSH Corp. (SGX:BDX) fully utilized SG$83.5 million in net proceeds the company raised from its rights issue, according to a filing with the Singapore Exchange on Tuesday.
Of the total, SG$75.8 million was used for the redemption of 2021 convertible bonds while SG$7.6 million was used for the repayment of existing revolving loans.
Shares of the property development company were up nearly 2% in recent trading.
Price (SGD): S$0.15, Change: S$+0.0030, Percent Change: +1.99%
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