CHIP ENG SENG CORPORATION: General Announcement: : UTILISATION OF NET PROCEEDS FROM RIGHTS ISSUE
SINGAPOREAN DAILY STOCK REPORT
Corporate Wire Date: 16 January 2020 15:03 SGT
ORIGINAL ANNOUNCEMENT [Text]
The Board of Directors (the "Board") of the Company wishes to provide an update that with respect to the Company's education business segment (the "Education Business") approximately S$6.7 million of Net Proceeds has been utilised for the provision of a US$4.95 million convertible loan to Cybint International Pte. Ltd. Please refer to the announcements released on 23 Decem...