Vividthree (SGX:OMK) signed a binding term sheet to raise SG$1 million via an issuance of convertible bonds to One and One Global, according to a Sunday filing with the Singapore bourse.
The bonds carry an interest of 2% per year, with a conversion price of SG$0.0165 per share for up to 63.0 million shares.
Net proceeds raised from the activity will be used for general working capital needs.
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