Eneco Energy Reallocates $1 Million From Growth to Working Capital

MT Newswires

03-14

Eneco Energy (SGX:R14) reallocated SG$1 million from funds intended for business growth to working capital to meet financial needs for 2024, according to a Thursday filing on the Singapore Exchange.

The company raised SG$15.7 million from a 2022 share placement and has used SG$6.7 million so far, leaving a balance of SG$8 million.

The reallocated funds will cover professional fees, staff expenses, directors' fees, and other overheads.

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