Previously, Chow did not hold any Addvalue shares. The company said in a separate bourse filing on Dec 22 that it would be issuing a total of 48,500,00 new ordinary shares following the conversion of 33,500,000 convertible loan notes (CLNs) and 15,000,000 warrants. Both the CLNs and warrants are being converted at an exercise price of 1.3 cents. The new shares will be listed and quoted on the mainboard on Dec 24.
Addvalue shares closed at 7 cents on Dec 22, and were up by 0.8 cents or 12.9%. The company’s shares are up 536.36% year to date.
