Marvion Inc. Converts $500,000 Debt to Equity with CEO Chan
Reuters
Dec 02, 2025
Marvion Inc. Converts $500,000 Debt to Equity with CEO Chan
Marvion Inc. has announced the conversion of $500,000 in company debt owed to its sole officer and director, Chan Sze Yu, into equity. Under a Debt to Equity Conversion Agreement approved by the Board of Directors on December 1, 2025, Marvion will issue 14,992,504 shares of common stock to Mr. Chan at a price of $0.03335 per share. The share price was determined based on the fifteen-day average closing price prior to the agreement. This transaction fully settles the company's debt to Mr. Chan.
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