OIO Holdings Ltd. (SG:KUX) has released an update.
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OIO Holdings Ltd. announces the impending maturity of its convertible notes, worth $1.49 million, due on December 29, 2024. Upon maturity, these notes, along with any accrued interest, will be converted into fully-paid ordinary shares of the company. This strategic move is expected to impact the shareholding structure, with Xwin Asset Management Japan LLC seeing changes in their ownership percentage.
For further insights into SG:KUX stock, check out TipRanks’ Stock Analysis page.