Tiger Brokers

mDR Limited updates on deployment of rights issue proceeds

SGX Filings
Jun 03

mDR Limited announced an update on the use of funds raised from its Rights cum Warrants Issue.

The company said the net proceeds totalled about 30.624 million Singapore dollars after deducting approximately 0.31 million Singapore dollars in related expenses and the set-off of outstanding loans.

To date, mDR has deployed 6.814 million Singapore dollars for investment in quoted securities, 7.978 million Singapore dollars for inventory purchases and 1.917 million Singapore dollars to settle supplier invoices.

Following these allocations, 13.915 million Singapore dollars of the net proceeds remain unutilised. The company stated it will provide further updates when these funds are materially deployed.

The announcement was released on Jun, 3 2026.

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