OxPay Financial Completes Utilization of Convertible Loan Proceeds
OxPay Financial Limited (SG:TVV) has announced the full utilization of approximately S$1,839,000 from a convertible loan facility. The funds were used for operating expenses, employee remuneration, loan repayments, and directors’ fees, supporting the company's operational stability and financial obligations. This strategic move may enhance its market position and stakeholder confidence. OxPay Financial operates in the financial services industry, focusing on payment solutions.
The latest announcement is out from OxPay Financial Limited ( (SG:TVV) ).
OxPay Financial Limited announced the full utilization of net proceeds amounting to approximately S$1,839,000 from a convertible loan facility. The funds were allocated towards operating expenses, employee remuneration, loan repayments, and directors’ fees, aligning with the company’s disclosed intentions. This strategic financial move supports the company’s operational stability and financial obligations, potentially enhancing its market position and stakeholder confidence.
More about OxPay Financial Limited
OxPay Financial Limited, incorporated in Singapore, operates in the financial services industry. The company focuses on providing payment solutions and financial services, catering to a diverse range of market needs.
Average Trading Volume: 3,412,226
Technical Sentiment Signal: Hold
Current Market Cap: S$14.94M
See more data about TVV stock on TipRanks’ Stock Analysis page.
