Addvalue Technologies Ltd Issues Clarification on Outstanding Convertible Bonds

Addvalue Technologies Ltd, a Singapore-based technology company, has issued a clarification announcement regarding its outstanding Redeemable Convertible Bonds. This follows previous announcements and is crucial for current and potential investors monitoring the company’s financial instruments.

Key Highlights from the Announcement

• Correction of Outstanding Principal Amount: The company has rectified an error in its earlier statements. Previously, it was announced that the outstanding principal amount of the Convertible Bonds as at 9 February 2026 was S\$191,858. The correct amount is S\$153,042. This is a significant reduction and may impact the company’s perceived leverage and convertible bond-related obligations.
• Nature of Rights Issue: The bonds were issued as part of a Renounceable Non-Underwritten Rights Issue, meaning that shareholders had the option to participate, but the issue was not underwritten by financial institutions. This places more risk on existing shareholders and can affect the market dynamics during the rights issue period.
• Timeline and Listing: The Convertible Bonds were issued on 4 November 2022 and subsequently listed and quoted on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) from 8 November 2022.
• All Other Information Unchanged: Aside from the correction in the principal amount, all other information from the previous announcements remains unchanged.

Key Information for Shareholders and Investors

• Potential Price Sensitivity: The correction in the outstanding bond amount could impact the company’s valuation, as it directly affects liabilities and potential dilution from convertible bonds. Investors should assess how this change influences the company’s balance sheet and any conversion scenarios.
• Cautionary Statement: Addvalue Technologies explicitly advises shareholders and potential investors to exercise caution in trading shares and bonds. The company recommends consulting professional advisers (stockbrokers, bank managers, solicitors, accountants, tax advisers) before making any decisions.
• Further Information: For any queries or additional clarifications, investors can contact the Conversion Agent, Pacific Trustees (Singapore) Ltd., at their Paya Lebar Square office, via fax, or email.

Implications for Share Price

The adjustment to the outstanding principal amount is a material change. It reduces the company’s convertible bond liability by S\$38,816 compared to earlier stated figures. This could be viewed positively by the market, as it implies a lower risk of dilution and reduced financial obligations. However, investors should continue to monitor further announcements and consult their advisers, as convertible bonds can still impact equity through conversion and redemption events.

Management Statement

The clarification was issued by Chief Executive Officer Tan Khai Pang, signaling the company’s commitment to transparency and accurate reporting. The announcement was dated 11 February 2026.

Contact Details for Investors

• Pacific Trustees (Singapore) Ltd.
• 60 Paya Lebar Road, #09-09 Paya Lebar Square, Singapore 409051
• Fax: (65) 69700200
• Email: [email protected]
• Attention: Director

Disclaimer

This article is for information purposes only and does not constitute investment advice. Investors should consult their own professional advisers before making any investment decisions. The information herein is based on public announcements and may be subject to change.

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