Medi Lifestyle Limited (SG:Z4D) has released an update.
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Medi Lifestyle Limited plans to convert an outstanding debt of approximately S$3.21 million owed to Lingholm Holdings into 213,965,134 new ordinary shares at a conversion price of S$0.015 per share. This strategic move aims to manage the company’s financial obligations by leveraging equity conversion, offering potential growth opportunities for investors. The arrangement reflects a significant step in strengthening the company’s capital structure and enhancing shareholder value.
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