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Related News

Vallianz to issue S$3.1m of new shares to offset trade payables

19 Jun 2017 19:09

CATALIST-LISTED Vallianz Holdings will be issuing S$3.1 million worth of new shares to fully offset the amount of trade payables it owes to its creditors.

Close to 156.3 million of new shares, at S$0.02 apiece, will be issued by Vallianz's subsidiaries to eight creditors, the group said in a release to the Singapore Exchange on Monday evening. These creditors do not hold any shares of the offshore support vessels provider.

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Source: Business Times Breaking News
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