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Addvalue Technologies Ltd ( (SG:A31) ) just unveiled an announcement.
Addvalue Technologies has announced to holders of its outstanding S$191,858 redeemable convertible bonds that it will proceed with a full redemption of the remaining principal amount together with accrued interest, in line with the terms of the bond issue. The conversion period for these listed convertible bonds is coming to an end, signalling the closure of this specific financing instrument and simplifying the company’s capital structure for existing stakeholders.
The move follows a series of earlier corporate announcements related to the 2022 rights issue and subsequent listing of the bonds on the Singapore Exchange. By redeeming the residual outstanding amount, the company effectively retires this debt-like security, which may marginally reduce financing obligations and remove potential future equity dilution arising from bond conversions.
The most recent analyst rating on (SG:A31) stock is a Hold with a S$0.09 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.
More about Addvalue Technologies Ltd
Addvalue Technologies Ltd is a Singapore-incorporated company listed on the Mainboard of the Singapore Exchange. The group had previously undertaken a renounceable, non-underwritten rights issue of redeemable convertible bonds to support its corporate and financing needs.
Average Trading Volume: 33,058,680
Technical Sentiment Signal: Buy
Current Market Cap: S$283.5M
Find detailed analytics on A31 stock on TipRanks’ Stock Analysis page.