ASF Group Executes Debt-to-Equity Conversion Deed

MT Newswires Live

03-28

ASF Group (ASX:AFA) executed a debt-to-equity conversion deed with Star Diamond Developments, according to a Friday Australian bourse filing.

Star Diamond agreed to convert all outstanding loans, including accrued interests due by ASF under a AU$25 million unsecured convertible loan facility granted by Star Diamond into 100% equity of ASF Resources, a wholly owned subsidiary of ASF.

The convertible loan facilities will be terminated on the completion of the transaction.

ASF Resources holds a 68.97% stake in Civil & Mining Resource. After the conversion is complete, its board will be restructured.

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After the conversion is complete, its board will be restructured.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7509","symbol_name":"中概股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522594516","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522594516","pubTimestamp":1743137805,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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