GS Holdings Converts Loan Into Equity

GS Holdings Ltd. (Singapore) (SG:43A) has released an update.

GS Holdings Ltd. has successfully converted a S$1,000,000 loan into 65,359,477 shares at S$0.0153 each and issued an additional 1,851,851 shares at S$0.0243 each to an introducer, according to the terms of their respective agreements. This strategic move, completed on August 29, 2024, has settled the loan’s principal amount in full, while any accrued interests will be paid in cash.

For further insights into SG:43A stock, check out TipRanks’ Stock Analysis page.