ISOTeam to Raise SG$3 Million Via Convertible Bond Subscription Deal

MT Newswires

09/16

ISOTeam (SGX:5WF) expects to raise about SG$3 million through a convertible bond subscription agreement, according to a Monday filing with the Singapore Exchange.

Shares of the company were down over 1% in Tuesday trading.

The conversion of the bonds into shares will not result in the transfer of controlling interest to the bond investors, the filing said.

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