Clearbridge Health (SGX:1H3) utilized SG$772,000 of proceeds from its rights issue for general working capital requirements, according to a filing with the Singapore Exchange on Monday.
Out of the SG$2.2 million that was raised after deducting expenses, the remaining balance of the proceeds as at the date of the filing is SG$1.5 million.
Shares of the health services company surged over 33% in recent trading.
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