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CHIP ENG SENG CORPORATION: General Announcement: : UTILISATION OF NET PROCEEDS FROM RIGHTS ISSUE

Jan 16, 2020 - News Bites - Asia: Singapore

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...