Aspial Lifestyle Completes Deployment of Rights Issue Proceeds

SGX Filings

May 04

Aspial Lifestyle Limited said it has fully utilised the 35.4 million Singapore dollars of net proceeds raised from its renounceable non-underwritten rights issue that was completed on Oct, 30 2024.

The company allocated 11.0 million Singapore dollars to repay group bank borrowings, while the remaining 24.4 million Singapore dollars went to general working-capital needs. This included 7.4 million Singapore dollars for payments related to the acquisition of a jewellery business, 12.0 million Singapore dollars to fund the group’s pawnbroking operations, 1.7 million Singapore dollars for its secured-lending business and 3.3 million Singapore dollars to support Maxion Holdings Sdn Bhd, a 65%-owned overseas subsidiary.

The update was disclosed in a filing dated May, 4 2026.

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