Beverly JCG Converts Debt and Salary to Shares

Beverly JCG Ltd. (SG:9QX) has released an update.

Beverly JCG Ltd. has announced the conversion of S$100,000 of debt into shares and the issue of new shares worth S$80,422 in lieu of cash for salary payments, totaling S$180,422. The transaction will result in the issuance of 12,028,133 new shares at S$0.015 each, which will subsequently increase Yap Mee Lee’s stake in the company to 3.98% of the enlarged issued share capital.

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