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In 50 Words: MoneySmart’s reverse takeover called off; firm posts 27% revenue growth
MoneySmart Group’s reverse takeover (RTO) on the Singapore Exchange (SGX) has been called off due to uncertain market conditions. Despite this, the company registered 27% growth in revenue, reaching S$40 million in the financial year ending in 2022 while achieving positive EBITDA. MoneySmart plans to remain self-reliant and continue to explore growth options, including a potential IPO when market conditions improve.
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