Olive Tree Estates Utilizes SG$4.6 Million from Share Placement

MT Newswires11-25

Olive Tree Estates (SGX:1H2) reported its utilization of net proceeds from the SG$6.9 million share placement completed on Dec. 23, 2022, according to a Friday filing on the Singapore Exchange.

As of Nov. 22, SG$4.6 million has been used, leaving a balance of SG$2.3 million. Debt servicing accounted for SG$4 million of the funds, with SG$587,000 allocated to general working capital.

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