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Published Tue, Dec 24, 2019 · 09:50 PM

Mercurius Capital Investment

CATALIST-LISTED Mercurius Capital Investment said it secured a convertible loan with a principal sum of S$1 million from existing investor Teo Soon Seng. The loan can be converted into new ordinary shares at a conversion price of S$0.10 apiece, subject to adjustments.

The conversion price of S$0.10 is more than double the volume-weighted average price of S$0.0473 per share for trades done on Dec 23, the last market day before the conversion loan agreement was entered into, Mercurius said in a regulatory upd…

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