Medi Lifestyle Limited (SG:Z4D) has released an update.
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Medi Lifestyle Limited is set to convert an outstanding debt of approximately S$3.21 million into equity by issuing 213,965,134 new ordinary shares to Lingholm Holdings. This strategic move aims to strengthen the company’s balance sheet and enhance its financial stability, making it an attractive point of interest for investors. The agreement underscores the company’s commitment to leveraging its financial obligations into growth opportunities.
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