V2Y (SGX:V2Y) and Ang Wei Felix entered into a supplemental letter to an amended and restated placement agreement, according to a filing with the Singapore Exchange on Friday.
Under the agreement, both parties have agreed to waive the requirement for the convertible loan to be converted into conversion shares within 10 business days from the drawdown date.
The availability period for the loan has also been extended for a further three month period to April 18 from Jan. 18.
Earlier, the financial services company had entered into placement agreements with Asyraf, Jie and Ang Wei Felix for the placement of 135,135,136 shares in the capital of the company at SG$0.0148 per share for a total placement amount of SG$2.0 million.
Shares of the company were down nearly 7% in recent trading.
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