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Ayondo inks convertible note deals worth up to S$9.9m, given extensions to release Q2, Q3 results

The notes will be in registered form and not listed; proceeds to provide sufficient working capital

Vivienne Tay

Vivienne Tay

Published Fri, Aug 23, 2019 · 09:50 PM
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Singapore

CATALIST-LISTED Ayondo on Thursday entered into three convertible note agreements worth up to S$9.9 million. Two of the deals are with partner Golden Nugget Jinzhuan Limited and the other is with Japanese investor Mamoru Taniya.

The convertible notes will be in registered form and not listed, the group said in a filing to the Singapore Exchange (SGX) before midnight.

Mr Taniya is the managing principal and co-chief executive officer of independent financial services firm Stormharbour Securities. H…

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