Singapore Institute of Advanced Medicine Proposes to Convert Loan; Shares Down Over 11%

MT Newswires

2025/10/01

Singapore Institute of Advanced Medicine (SGX:9G2) proposed to convert an outstanding loan of SG$5.2 million into around 149.7million shares at SG$0.0035 per debt conversion share, according to a Tuesday filing with the Singapore Exchange.

Shares of the company slid over 11% in Wednesday trading.

Meanwhile, the company also agreed with three entities to issue around 19.7 million shares at SG$0.035 per share to raise net proceeds after expenses of around SG$644,400.

Proceeds will be used to fund general working capital needs, along with ongoing renovation and maintenance of medical equipment.

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