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APAC Realty changes use in IPO proceeds

Felicia Tan
Felicia Tan1/13/2021 5:41 PM GMT+08  • 1 min read
APAC Realty changes use in IPO proceeds
Shares in APAC Realty closed 2 cents higher or 4.5% up at 46.5 cents on Jan 13.
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APAC Realty says it will use the $2 million of the IPO proceeds that were initially allocated for the group’s working capital.

Of the $2 million, $1.25 million will go towards the refurbishment of the ERA APAC Centre in Toa Payoh, and the remaining $0.75 million will go towards enhancing the group’s technological capabilities.

SEE: UOBKH initiates coverage on APAC Realty with “hold” rating, TP 41 cents

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