LONDON (Alliance News) - Myanmar-focused mobile services company MySQUAR Ltd on Thursday said it has fully repaid the outstanding amount owed under its loan facility from Red Dragon Singapore Pte Ltd.
MySQUAR said its cash balances in July and August had been significantly higher than expected as its user acquisitions costs were lower than anticipated. As a result, the group said it decided to use its cash resources to repay the remaining USD256,688 owed to Red Dragon.
Shares in MySQUAR were untraded on Thursday, having last traded at 6.09 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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