Addvalue Technologies (SGX:A31) holders, sent notices to the company, exercising the right to convert around 33.5 million convertible loan bonds worth around SG$434,500 into ordinary shares at SG$0.0013 per bond, according to a Monday filing with the Singapore Exchange.

Shares of the company were down over 4% in Tuesday trading.

Around 8 million shares from the exercise of the bonds were issued and allotted to restricted persons, while the remaining were issued and allotted to non-restricted persons.

Meanwhile, the company also received notices from warrant holders who exercised 15 million warrants into shares at SG$0.013.

Around 6 million shares from the exercise were issued and allotted to restricted persons, while the remaining were issued and allotted to non-restricted persons.