BH Global Signs Loan Assignment Deal for Restructuring; Shares Up 6%
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BH Global is restructuring and plans to spin off its subsidiary, Sea Forrest International. The company has signed a loan assignment deal involving a SG$5 million loan owed by Sea Forrest Power Solutions, which will be settled through the issuance of 4,000,000 shares at SG$1.25 each. If the settlement is not completed by June 1, 2026, the deal will be unwound. Following this news, BH Global's shares rose by over 6%.
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