Sim Leisure says IPO has enabled it to be debt free
Add BT as a preferred source
Annabeth Leow
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
A new logic of China-Asean economic integration emerges from the Middle East conflict
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
