NewTimeSpace News:On March 17, 2026, Autagco Ltd. released an announcement stating that it entered into a share subscription agreement on the same day with Aurico Global Holdings and three independent subscribers, namely Soh Yeow Hwa, Kan Li Ling and Ng Cheng-Yi Kenneth. The company plans to raise funds by issuing new ordinary shares to ease its financial pressure and support business development.

Pursuant to the agreement, Autagco Ltd. intends to issue up to 3 billion new ordinary shares at an issue price of S$0.001 per share, raising a total of S$3 million in two tranches. Among them, Soh Yeow Hwa and Kan Li Ling will each subscribe for 1.14 billion shares, and Ng Cheng-Yi Kenneth will subscribe for 720 million shares.

The announcement specified that the core purpose of this fundraising is to improve Autagco Ltd.'s financial position. As of January 31, 2026, the group of Autagco Ltd. had a net current liability of S$2.1 million and a total net liability of S$3.3 million. Autagco Ltd. stated that the net proceeds from the fundraising, approximately S$2.858 million, will be used to settle relevant payables, supplement working capital, support the expansion of its assisted living business and explore new business opportunities.

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