Annica Holdings Limited (SG:5AL) has released an update.
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Annica Holdings Limited has announced its receipt of a listing and quotation notice from SGX-ST for over 2.28 billion new shares, signaling progress in its Proposed Debt Conversion plan. The next steps include obtaining shareholder approval at an upcoming EGM, with the conversion contingent upon meeting specific terms and conditions. Investors are cautioned to seek professional advice given the uncertainties surrounding the completion of the debt conversion.
For further insights into SG:5AL stock, check out TipRanks’ Stock Analysis page.