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V2Y Corporation Ltd. ( (SG:V2Y) ) has shared an update.
OceanScape International Limited, formerly known as V2Y Corporation Ltd. and incorporated in Singapore, has received a conditional whitewash waiver from the Securities Industry Council in relation to a convertible loan previously extended by investor Lang Jinjun. The waiver allows the potential conversion of the loan into new shares without triggering a mandatory general offer, provided independent shareholders approve a standalone whitewash resolution by poll, the lender and his concert parties abstain from voting and refrain from certain share acquisitions, and an independent financial adviser is appointed, signalling a structured path for the company to proceed with its financing plans while protecting minority investor interests.
The most recent analyst rating on (SG:V2Y) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on V2Y Corporation Ltd. stock, see the SG:V2Y Stock Forecast page.
More about V2Y Corporation Ltd.
Average Trading Volume: 305,100
Technical Sentiment Signal: Sell
Current Market Cap: S$3.71M
Learn more about V2Y stock on TipRanks’ Stock Analysis page.