Edition Limited (SG:5HG) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Edition Ltd. has finalized a deal to convert its subsidiary MEOD Pte Ltd’s convertible loan into preference shares in Wholly Greens Pte Ltd, a Singapore-based fresh salad supplier. This agreement concludes MEOD’s initial strategic partnership and loan arrangement with Wholly Greens, while simultaneously commencing a new shareholders’ agreement. MEOD will hold an approximate 18% stake in Wholly Greens following the conversion, with a minor potential dilution expected.
For further insights into SG:5HG stock, check out TipRanks’ Stock Analysis page.