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Ipco board claims former execs did not allocate placement proceeds as planned

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Published Wed, Apr 11, 2018 · 09:50 PM

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Singapore

THE board of Ipco International said on Wednesday that most of the S$1.58 million raised from a share placement last year had been used as working capital.

This did not adhere strictly to what the proceeds had been earmarked for, it alleged.

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