Lincotrade Fully Deploys S$2.1 Million Placement Proceeds to Repay Trade Facilities
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Lincotrade & Associates Holdings Limited has fully utilized S$2.109 million from its recent placement of 10 million new shares to repay trade facilities, after accounting for S$91,000 in expenses. This deployment aligns with the intended use of funds, strengthening the Group’s balance sheet and liquidity by reducing short-term financing obligations. The company operates on a project-based model requiring substantial working capital.
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