Prospera Global (SGX:5HH) utilized SG$1.4 million in proceeds raised from a placement activity in June, according to a filing with the Singapore Exchange on Monday.
The lodging and boarding provider had raised around SG$2.5 million from the placement activity and recently utilized proceeds for working capital purposes and to fund growth, development and expansion of current business.
Shares of the company surged nearly 6% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.