Addvalue CEO lifts holding to 1.32% as rights issue bonds convert

Conversion lifts direct shareholding following rights issue.

Addvalue Technologies Ltd disclosed a change in interests by its chief executive officer, Tan Khai Pang, after the conversion of convertible bonds into ordinary shares on 23 January 2026, according to a local bourse filing.

The transaction involved the exercise of $74,800 in principal amount of convertible bonds under the company’s renounceable non-underwritten rights issue, the filing showed.

Following the conversion, Tan Khai Pang held a direct interest of 48.6 million ordinary shares, up from about 44.2 million previously. His shareholding rose to 1.32% of the company’s issued share capital, based on about 3.68 billion issued shares excluding treasury shares.

The disclosure stated that Tan held no deemed interest in the shares and that the conversion did not involve any cash consideration or market transaction.

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