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Anglo African Agriculture ( (GB:EVST) ) has provided an announcement.
Everest Global plc, a company listed on the London Stock Exchange, has announced the repayment of £1.50 million in Convertible Loan Notes to Surich Real Estate Opportunity Fund SPC. This repayment was requested by SPC due to the funds not being fully deployed as expected. The repayment includes £1,491,731 in cash, with the remaining balance added to a previous loan. This move reflects Everest Global’s ongoing efforts to secure funding for strategic business opportunities and highlights a related party transaction due to Mr. Ziwei Peng’s significant stake in the company.
More about Anglo African Agriculture
Average Trading Volume: 29,785
Technical Sentiment Signal: Sell
Current Market Cap: £580.4K
Learn more about EVST stock on TipRanks’ Stock Analysis page.