SunMoon Food Co. Ltd. (SG:AAJ) has released an update.
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SunMoon Food Company Limited has announced a non-binding term sheet for the proposed issuance of up to S$4 million in convertible bonds to Beijing Mai Yourui Technology Development Co., Ltd., aimed at raising funds for daily operations and business development. This preliminary agreement sets the stage for further negotiations, although it does not establish any legal obligations at this time. The company will keep its shareholders updated on any substantial progress regarding the issuance.
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