Dezign Format Allocates IPO Proceeds for Strategic Expansion
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Dezign Format Group Limited (SG:UZF) has allocated approximately S$4.8 million from its recent IPO proceeds for strategic expansion. The funds will enhance immersive location-based entertainment (LBE) offerings and support general corporate purposes. So far, S$330,000 has been spent on LBE expansion and S$640,000 on working capital. The company plans to keep stakeholders updated on the remaining funds' usage as it seeks to grow through partnerships and strategic alliances.
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