First Sponsor Group Utilizes Rights Issue Proceeds for European Projects
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First Sponsor Group Ltd has announced the allocation of approximately S$34.5 million from its Rights Issue proceeds of S$243.2 million for property-related activities in Europe, including acquisitions and renovations. As of June 30, 2025, S$158.9 million has been utilized, leaving S$84.3 million remaining. The company will continue to update stakeholders on the remaining funds' disbursement. First Sponsor Group Ltd focuses on property holding, development, and financing activities primarily in Europe.
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