TA Corp. (SGX:PA3) issued mandatory convertible bonds worth SG$330,000 as part of the settlement agreement with its subsidiaries, according to a Monday filing with the Singapore Exchange.

The bonds are part of a settlement agreement between the company and its subsidiaries, Sino Holdings and Tiong Aik Resources, which seeks to effect a mutual release and discharge of debts, liabilities, claims or demands and duties or obligations owed by and between the two subsidiaries.

Trading in the shares of the company has been suspended since July 17, 2023.