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V2Y Corporation Ltd. ( (SG:V2Y) ) has issued an announcement.
V2Y Corporation Ltd has announced the conversion of outstanding debts owed to Mr. Ang Wei Yang Felix and Mr. Tang Zhaorui into new ordinary shares of the company. This debt conversion involves the issuance of 103,809,523 shares at a conversion price of S$0.0063 per share, allowing the company to satisfy its debts without cash payment, potentially improving its financial stability and market positioning.
More about V2Y Corporation Ltd.
V2Y Corporation Ltd, incorporated in Singapore, operates in the financial industry, focusing on debt management and conversion services, with a market focus on restructuring outstanding debts through share allotment.
Technical Sentiment Signal: Sell
Current Market Cap: S$3.71M
See more data about V2Y stock on TipRanks’ Stock Analysis page.