I Synergy Group Ltd. ( (AU:IS3) ) has provided an update.
I Synergy Group Limited announced a debt assignment and share sale as part of its broader Board and corporate review. Non-Executive Director Dato’ Hoo Voon Him has been assigned an existing unsecured loan from Executive Chairman Dato’ Teo Chee Hong, with all terms unchanged, ensuring no impact on the company’s financial position. Additionally, Dato’ Teo Chee Hong transferred 50 million shares to Managing Director Mr. Heng Jee Meng to comply with investment requirements related to his Business Talent visa, making both directors substantial shareholders. The Board expressed satisfaction with the directors’ support and intends to provide further updates on the review.
More about I Synergy Group Ltd.
I Synergy Group Limited is a socially responsible technology company focused on delivering innovative digital solutions. The company aims to positively impact society by fostering opportunities for job creation, skill development, and entrepreneurship, contributing to a more sustainable and prosperous future.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.98M
For a thorough assessment of IS3 stock, go to TipRanks’ Stock Analysis page.