The Economic Development Innovations Singapore, or EDIS, has emerged as a substantial shareholder of Addvalue Technologies, one of the top performing stocks last year.
This follows the conversion from bonds to shares worth $2,148,227 at 1.7 cents each.
From an initial stake of 3.02%, EDIS now holds the equivalent of 6.45% in Addvalue.
Addvalue Technologies shares closed at 6.7 cents on Jan 26, unchanged for the day but up 570% in the past year.
