Koh Brothers Eco Engineering Provides Update on Use of Proceeds from Shares Issue; Shares Up 5%

MT Newswires09-03

Koh Brothers Eco (SGX:5HV) said it has utilized a further SG$1.1 million from the SG$36.9 net proceeds raised from the allotment and issue of 810 million shares in the capital of the company to Penta-Ocean Construction

The company has now SG$1.3 million left in balance as of Sept. 2, according to a filing with the Singapore Exchange on the same day.

Shares of the company were up nearly 5% in recent trading.

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