NutryFarm International Limited said that, during the period it was under judicial management, it and its subsidiary AI Nova Pte. Ltd. entered into eight separate loan agreements with various lenders. The loans, which total US$28.5 million, generally bear interest and may be repaid in cash or through the issuance of NutryFarm shares, with proceeds intended for the group’s general working capital. The company said shareholder and regulatory approvals may be required for any share conversion, and noted that trading in its securities has been suspended since April 2022.
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