Jubilee: Proposes Rights Cum Warrants Issue To Raise S$15 Million To Enhance Working Capital & Fund Business Expansion.15 Oct 2017 23:59
Under the Electronic segment, additional working capital is required to support a surge in business with one of its major principals, SK Hynix, intending to increase its order volume. The Group's Mechanical segment requires funding for expansion due to Jubilee anticipates increase in orders from both organic growth and prospective mergers and acquisitions, resulting in the need to increase moulding capacity. As current machines are operating at full capacity, Jubilee intends to add to its range of moulding machines and targets to have 150 moulding machines by financial year ending 31 March 2018. In addition, Jubilee intends to broaden its services to its customers through setting up of a spray coating facility which could form another potential stream of revenue...
Source: ShareInvestor Express