Sinostar PEC Yet to Utilize SG$44.7 Million Rights Proceeds

MT Newswires

2025/04/11

Sinostar PEC Holdings (SGX:C9Q) has not yet deployed any of the SG$44.7 million raised for business expansion and acquisitions from its February rights issue, according to a Thursday filing on the Singapore Exchange.

Of the SG$44.8 million gross proceeds, SG$230,224 has been used to cover issue-related expenses, exceeding the initial SG$150,000 budget.

The petrochemical firm said the remaining SG$44.6 million is untouched as of April 10.

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