Vallianz Progresses on Convertible Bonds Settlement

Vallianz Holdings Limited (SG:WPC) has released an update.

Vallianz Holdings Limited has made a partial payment of US$14.8 million towards settling Series A Convertible Bonds, despite passing the initial deadline. The company is actively negotiating with DBS to finalize a replacement settlement agreement for the remaining balance. Shareholders will be updated on the financial impact and further developments of the settlement process.

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