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Beverly JCG Ltd. ( (SG:9QX) ) has issued an announcement.
Beverly Wilshire Ltd. has agreed to convert S$63,492 of outstanding remuneration owed to Dr. Cheah Sin Hing, a doctor employed by its subsidiary Beverly Wilshire Medical Center (JB) Sdn Bhd, into equity, issuing 5,569,473 new ordinary shares at S$0.0114 per share in lieu of cash. Following this capitalisation, Cheah’s shareholding will represent about 1.38% of the company’s existing issued share capital (1.37% on a fully diluted basis), reflecting a modest equity stake while allowing the group to preserve cash and marginally strengthen its capital structure without a significant change in ownership concentration.
More about Beverly JCG Ltd.
Beverly Wilshire Ltd., incorporated in Singapore, operates a group that includes Beverly Wilshire Medical Center (JB) Sdn Bhd, where it provides medical and healthcare services through employed doctors and related clinical operations.
Average Trading Volume: 2,051,201
Technical Sentiment Signal: Sell
Current Market Cap: S$13.82M
For a thorough assessment of 9QX stock, go to TipRanks’ Stock Analysis page.