Mary Chia Holdings Limited (SG:5OX) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Mary Chia Holdings Limited is set to undergo a significant financial restructuring through a proposed debt capitalisation strategy. The company plans to convert its outstanding debts into equity by issuing new shares to its creditors, including Suki Sushi Pte. Ltd., Planhouse Deco Pte. Ltd., and Mr. Su Jun Ming. This move aims to strengthen the company’s balance sheet and improve its financial position.
For further insights into SG:5OX stock, check out TipRanks’ Stock Analysis page.