BUD buddy technologies ltd
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Oct 21 (Reuters) - Buddy Technologies Ltd (BUD) : EXECUTED A...

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    21/10/20
    10:05
    Post #: 48257603

    Oct 21 (Reuters) - Buddy Technologies Ltd (BUD) :

    • EXECUTED A DEED OF DEBT RELEASE WITH LUMINOUS WIDE AND EASTFIELD LIGHTING (HONG KONG)
    • LUMINOUS AGREED THAT 50 MILLION OF 100 MILLION OPTIONS PREVIOUSLY ISSUED TO IT WILL BE CANCELLED
    • IN ADVANCED DISCUSSIONS WITH A THIRD PARTY FINANCIER TO REFINANCE SETTLEMENT AMOUNT INTO NEW MULTI-YEAR LOAN FACILITY
    • AGREED TO RELEASE AND FORGIVE US$10 MILLION DEBT AMOUNT OUTSTANDING UNDER AGREEMENT
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