Sim Leisure says IPO has enabled it to be debt free
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Annabeth Leow
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Singapore
CATALIST-LISTED theme park operator Sim Leisure Group has reiterated that it does not expect business to take a hit from how it spent its initial public offering (IPO) proceeds.
The board said on Monday that there will not be any material adverse impact on business operations and plans, even if the proceeds went to redeem certain preference shares and to pay for listing expenses, and not towards expansion and working capital.
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