Medi Lifestyle Secures Whitewash Waiver for Debt Conversion
Medi Lifestyle Limited has received a Whitewash Waiver from the Securities Industry Council, permitting the conversion of debts owed to Lingholm Holdings Pte. Ltd. into new ordinary shares. This waiver requires shareholder approval and abstention from voting by certain parties. This development is crucial for Medi Lifestyle as it may affect its financial structure and shareholder dynamics. The company operates in the lifestyle industry and has a current market cap of S$1.64M.
Medi Lifestyle Limited ( (SG:Z4D) ) has shared an announcement.
Medi Lifestyle Limited has announced the receipt of a Whitewash Waiver from the Securities Industry Council, allowing the conversion of outstanding amounts owed to Lingholm Holdings Pte. Ltd. into new ordinary shares. This waiver is contingent upon several conditions, including shareholder approval through a separate resolution, and abstention from voting by certain parties. This development is significant for Medi Lifestyle as it facilitates the proposed debt conversion, potentially impacting the company’s financial structure and shareholder dynamics.
More about Medi Lifestyle Limited
Medi Lifestyle Limited is a company incorporated in Singapore, operating within the lifestyle industry. The company, along with its subsidiaries, focuses on providing lifestyle-related products and services.
Average Trading Volume: 2,707,326
Technical Sentiment Signal: Sell
Current Market Cap: S$1.64M
For an in-depth examination of Z4D stock, go to TipRanks’ Overview page.
