---
title: "Lincotrade Fully Deploys S$2.1 Million Placement Proceeds to Repay Trade Facilities"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271878106.md"
description: "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."
datetime: "2026-01-08T04:42:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271878106.md)
  - [en](https://longbridge.com/en/news/271878106.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271878106.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/271878106.md) | [繁體中文](https://longbridge.com/zh-HK/news/271878106.md)


# Lincotrade Fully Deploys S$2.1 Million Placement Proceeds to Repay Trade Facilities

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Lincotrade & Associates Holdings Limited ( (SG:BFT) ) has shared an update.

Lincotrade & Associates Holdings Limited has fully utilised the S$2.109 million in net proceeds raised from its recent placement of 10 million new ordinary shares, after accounting for approximately S$91,000 in related expenses. The entire amount was deployed as general working capital, specifically to repay trade facilities previously used to pay suppliers and subcontractors, aligning with the intended use of funds and helping to strengthen the Group’s balance sheet and liquidity position by reducing short-term financing obligations.

**More about Lincotrade & Associates Holdings Limited**

Lincotrade & Associates Holdings Limited is a Singapore-incorporated company operating as a group that relies on trade facilities to support payments to suppliers and subcontractors, indicating a business model centered around project-based or contract-driven activities that require substantial working capital.

**Average Trading Volume:** 116,708

**Technical Sentiment Signal:** Buy

**Current Market Cap:** S$37.32M

See more insights into BFT stock on TipRanks’ Stock Analysis page.

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- [Lincotrade & Associates Holdings Limited (BFT.SG)](https://longbridge.com/en/quote/BFT.SG.md)

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