Jun. 18 at 9:49 PM
$OMH
From the document:
* The parent company, Ohmyhome Limited (NASDAQ-listed) is forgiving about SGD 19.0 million (about US
$14–15 million) that its wholly owned subsidiary owed it.
* The debt is completely waived and released.
* The subsidiary no longer has to repay that money.
* The agreement states the purpose is “to strengthen the Subsidiary’s balance sheet and improve its financial position.”
What this means
Positive:
* ✅ Reduces the subsidiary’s liabilities by about SGD 19 million.
* ✅ Improves the subsidiary’s balance sheet.
* ✅ Makes the subsidiary appear more financially stable.
* ✅ There is no new share issuance mentioned in this agreement.
* ✅ There are no warrants or convertible notes in this document.
