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The latest update is out from Metech International Limited ( (SG:V3M) ).
Metech International Limited has entered into a Loan Extension Agreement and a Debt Capitalisation Agreement with Mr. Cao Shixuan. The Loan Extension Agreement extends the repayment date for a portion of the loan amounting to S$496,000 by three months to June 24, 2025. Meanwhile, the Debt Capitalisation Agreement allows the conversion of the remaining S$504,000 loan into 18,000,000 new shares at a conversion price of S$0.028 per share, effectively repaying the loan through equity issuance. These agreements are expected to impact the company’s financial structure by reducing cash outflows and altering its equity base.
More about Metech International Limited
Metech International Limited, incorporated in Singapore, operates within the financial sector. The company engages in various financial services and agreements, focusing on loan management and capitalisation strategies.
YTD Price Performance: -16.67%
Average Trading Volume: 120,928
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$4.24M
See more data about V3M stock on TipRanks’ Stock Analysis page.