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Koon Holdings Ltd Announces Use Of Proceeds From The Rights Issue


Friday, 7 Dec 2012 04:19am EST 

Koon Holdings Ltd announced that in reference to the Company's announcements made on August 1, 2012; August 22, 2012; October 24, 2012; October 25, 2012; and November 29, 2012 relating to the Non-Renounceable Non-Underwritten Rights Issue, SGP 17,000,000 (out of SGP 18,386,788 from the Rights Issue) has been used to fund the payment of the consideration for the Acquisition. Consequently, the remaining balance of the net proceeds (SGP 18,386,788) amounts to approximately SGP 1,386,788, which will be used for the general working capital purposes of the Company. 

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29 Jul 2014