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Asia-Pacific Strategic Investments Limited ( (SG:5RA) ) has issued an update.
Asia-Pacific Strategic Investments Limited has entered into two convertible loan agreements with Eastern Billion Industries Limited and Passion9 Pte. Ltd., securing an aggregate S$5 million facility to be drawn down in a single tranche between 8 May and 8 June 2026. The funds will be used for general corporate and working capital needs, professional fees tied to corporate and financing activities, and potential repayment of existing debt subject to lenders’ approval.
The loans carry an interest rate of 1% per annum and may be converted into new shares at a fixed conversion price of S$0.0011, representing a 10% premium to the last traded volume-weighted average price before the company’s share suspension. Full conversion would result in the issue of about 4.55 billion new shares, giving the lenders a combined stake of roughly 20% on an enlarged basis, subject to caps that prevent them from breaching take-over thresholds and to conditions including shareholder approvals, Catalist board listing clearance, and resumption of trading in the company’s shares.
More about Asia-Pacific Strategic Investments Limited
Asia-Pacific Strategic Investments Limited is a Singapore-incorporated company listed on the SGX Catalist board, operating through a group structure. The group focuses on corporate and financing activities and maintains access to capital markets to support its general corporate purposes and working capital needs.
Average Trading Volume: 5,144,402
Technical Sentiment Signal: Sell
Current Market Cap: S$17.83M
See more data about 5RA stock on TipRanks’ Stock Analysis page.