SunMoon Food Co. Ltd. (SG:AAJ) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into SG:AAJ stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue