Salt Investments (SGX:FQ7) has completed the conversion of a convertible loan from Polaris Nine into shares, with the company issuing 207,221,091 new shares to the lender, according to a Monday filing on the Singapore Exchange.
The conversion increased the company's share capital to 16.8 billion shares. The company is raising funds to support its operations and the planned acquisition of a 51% stake in Prosper Excel Engineering.
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