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Tritech Group Limited ( (SG:5G9) ) has shared an announcement.
Tritech Group Limited has entered into separate debt conversion deeds with substantial shareholder Lee Sui Hee and lender Zhou Xinping to convert outstanding debts into new ordinary shares at a fixed price of S$0.0130 per share. The arrangement, which is subject to shareholder approval at an upcoming extraordinary general meeting and further detailed in a forthcoming circular, is intended to reduce the company’s debt obligations by issuing equity, with potential implications for leverage, shareholder dilution, and the ownership stakes of the participating lenders and existing investors.
The most recent analyst rating on (SG:5G9) stock is a Hold with a S$0.01 price target. To see the full list of analyst forecasts on Tritech Group Limited stock, see the SG:5G9 Stock Forecast page.
More about Tritech Group Limited
Tritech Group Limited is a Singapore-incorporated company that operates through a group structure, though this announcement focuses primarily on its capital and financing arrangements rather than its operating businesses or markets.
Average Trading Volume: 2,621,726
Technical Sentiment Signal: Sell
Current Market Cap: S$11.33M
For detailed information about 5G9 stock, go to TipRanks’ Stock Analysis page.