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Addvalue Technologies Ltd ( (SG:A31) ) has issued an update.
Addvalue Technologies Ltd has announced the conversion and cancellation of a portion of its previously issued convertible bonds. The company has allotted and issued over 67 million new shares to bondholders, reducing the outstanding principal amount of the bonds and increasing its share capital. This move is part of the company’s strategic financial management, potentially enhancing its market position and providing liquidity to stakeholders.
More about Addvalue Technologies Ltd
Addvalue Technologies Ltd operates in the technology sector, focusing on the development and provision of advanced satellite-based communication products and solutions. The company primarily serves industries requiring reliable communication services, such as maritime, logistics, and telecommunications.
Average Trading Volume: 14,891,261
Technical Sentiment Signal: Buy
Current Market Cap: S$88.74M
Learn more about A31 stock on TipRanks’ Stock Analysis page.