Annica Holdings Converts Debts into Billions of Shares

Annica Holdings Limited (SG:5AL) has released an update.

Annica Holdings Limited has successfully converted cash advances into over 2 billion new ordinary shares, known as Debt Conversion Shares, at a price of S$0.00105 each. These new shares are now on par with existing shares and have increased the company’s total issued and paid-up shares to over 19 billion. The Debt Conversion Shares are set to be listed on the Catalist from 6 September 2024.

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