Ho is the executive chairman, CEO and executive chairman of Mary Chia, while Su is the executive director and chief financial officer of the group.
Mary Chia Holdings has entered into a debt capitalisation agreement (DCA) with Ho Yow Ping (Wendy Ho), Suki Sushi Planhouse Deco, and Su Jun Ming for the proposed debt conversion and issue of 95,956,468 shares at a price of 2.1 cents per conversion share.
As at the date of the agreement, on Dec 18, the total amounts owed to the creditors is at $$2.8 million.
