Biolidics Ltd Amends Subscription Agreement Terms

Biolidics Ltd. (SG:8YY) has released an update.

Biolidics Ltd has entered into a supplemental agreement amending the terms of a previous subscription agreement, allowing for the partial set-off of outstanding debt against the aggregate subscription amount of S$1,628,000. This arrangement will see some debts cleared with the subscriber before the issue date, with the remainder to be paid in cash. Further details are expected to be released in a forthcoming shareholders’ circular.

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