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Asian Micro Holdings Limited ( (SG:585) ) has provided an announcement.
Asian Micro Holdings Limited has announced a proposed debt capitalisation agreement with ACI Industries and participating creditors. This agreement involves converting debts owed to certain creditors into 945,622,000 new ordinary shares at a conversion price of S$0.0010 per share. This move aims to strengthen the company’s financial position and reward employees through the issuance of bonus shares, potentially enhancing stakeholder confidence and aligning employee interests with company performance.
More about Asian Micro Holdings Limited
Asian Micro Holdings Limited, incorporated in Singapore, operates in the industrial sector, focusing on providing micro contamination control and cleanroom products and services. The company serves various industries, ensuring high standards of cleanliness and efficiency in their operations.
Current Market Cap: S$5.14M
See more insights into 585 stock on TipRanks’ Stock Analysis page.