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SG$1.4 million raised from its renounceable non-underwritten rights issue, mainly for debt repayment and working capital, according to a Friday filing on the Singapore Exchange.The healthcare technology firm allocated SG$790,000 for loan repayments, using SG$252,000 so far, including full repayment of a SG$150,000 loan from MWA Capital due March 2025.Another SG$640,000 was set aside for corporate and working capital needs, of which SG$630,000 has been spent on employee expenses, legal fees, rental, and corporate 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March 1 as part of a management restructuring, taking on the role of chief medical officer, according to a Tuesday filing on the Singapore Exchange.Ng will continue overseeing the company's healthcare business and assist Law Ren Kai Kenneth, an independent director re-designated as executive chairman, in operational decisions.With Ng's departure from the board, he will also step down from the audit, remuneration, and nominating committees.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK6073","BK6514","5DX.SI"],"gpt_icon":0},{"id":"2511664375","title":"Meta Health's Rights Issue Oversubscribed","url":"https://stock-news.laohu8.com/highlight/detail?id=2511664375","media":"MT Newswires","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2511664375?lang=en_us&edition=fundamental","pubTime":"2025-02-13 12:27","pubTimestamp":1739420839,"startTime":"0","endTime":"0","summary":"Meta Health  concluded its rights issue, resulting in an oversubscription, as the company received valid acceptances and excess applications for a total of 267,789,484 rights shares.This represents around 101.4% of the 264,078,029 right shares available under the offering, according to a filing with the Singapore Exchange on Wednesday.At the close of the rights issue, the company raised around SG$1.4 million in net proceeds, based on the aggregate subscription of 264,078,029 rights shares, which will be used for the repayment of existing loans and for general corporate and working capital purposes.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":"Meta Health's Rights Issue Oversubscribed","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK6073","5DX.SI","BK6514"],"gpt_icon":1},{"id":"2501764447","title":"Meta Health Reports Breach of Settlement Agreement by Former Executives","url":"https://stock-news.laohu8.com/highlight/detail?id=2501764447","media":"MT Newswires","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501764447?lang=en_us&edition=fundamental","pubTime":"2025-01-06 06:48","pubTimestamp":1736117322,"startTime":"0","endTime":"0","summary":"Meta Health  provided an update on an out-of-court settlement agreement with Vasanthan Metupalle, former chief medical officer of 5Digital, and Jagannathan Padmaja Sakthi, former director of Gainhealth, according to a Friday filing on the Singapore Exchange.The agreement required Metupalle and Sakthi to pay the second tranche of an agreed settlement amount of SG$337,000 by Dec. 31, 2024. However, no payment has been made, breaching the terms of the settlement.The company and its subsidiaries, Gainhealth and 5Digital, are evaluating legal options to recover the outstanding amount.In a separate update, the board confirmed that the working capital is sufficient to meet the company's needs, taking into account its internal resources, operating cash flows, and ongoing financial support from a controlling shareholder.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK6073","BK6514","5DX.SI"],"gpt_icon":0}],"pageSize":4,"totalPage":4,"pageCount":1,"totalSize":15}]}}