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Singapore Institute Issues Shares for Loan Repayment

Singapore Institute of Advanced Medicine Holdings Ltd. (SG:9G2) has released an update.

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Singapore Institute of Advanced Medicine Holdings Ltd. has successfully issued 37,777,777 new ordinary shares to repay lenders, thereby increasing its total share count to 1,045,606,712. The repayment shares have been allotted to various lenders including ISquare Pte. Ltd. and individuals such as Lee Ting Ni. These shares are set to be listed on Catalist around April 22, 2024, and will be on par with existing shares except for entitlements to dividends or distributions before their issuance.

For further insights into SG:9G2 stock, check out TipRanks’ Stock Analysis page.

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