V2Y Corporation Advances Convertible Loan Conversion

V2Y Corporation Ltd. (SG:V2Y) has released an update.

V2Y Corporation Ltd. has initiated the process of converting a S$900,000 convertible loan into shares, having received half the amount from placee Asyraf with the expectation of the remaining half from TJJ within the week. The conversion into new ordinary shares will be completed within 10 business days from the drawdown date, as per the amended placement agreements. An additional S$600,000 convertible loan from Felix remains available for drawdown by the company.

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