Beverly JCG (SGX:9QX) will issue 81.1 million new shares at SG$0.0093 each to settle SG$754,396 in outstanding salaries and directors' fees, according to a Monday filing on the Singapore Exchange.
The conversion, based on the stock's volume-weighted average price on March 3, involves payments owed to executive directors Ng Tian Sang and Howard Ng, independent and former directors, and a doctor employed at its Malaysian subsidiary.
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