Mary Chia Holdings Limited (SG:5OX) has released an update.
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Mary Chia Holdings Limited is set to undergo a significant financial restructuring through a proposed debt capitalisation strategy. The company plans to convert its outstanding debts into equity by issuing new shares to its creditors, including Suki Sushi Pte. Ltd., Planhouse Deco Pte. Ltd., and Mr. Su Jun Ming. This move aims to strengthen the company’s balance sheet and improve its financial position.
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