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Xpress Holdings updates on use of placement proceeds

Print management services provider Xpress Holdings on Friday announced that it has utilised about S$4.64 million of its placement proceeds, with a balance of around S$3.06 million.

Earlier, the group had issued new shares through a proposed subscription for an aggregate consideration of S$7.7 million.

"The board will continue to make periodic announcements on the utilisation of the balance of the proceeds as and when such proceeds are materially disbursed," the group said.

On Friday, the counter closed trading unchanged at 23 Singapore cents.