Visual International Signs Non-Binding Term Sheet for R55 Million Funding
Bitget2026/11/03 15:07- Visual International Holdings signed a non-binding term sheet with Tongshang Feizhou (Hainan) International Trade for R 55 million in funding.
- The equity subscription comprises 450,000,000 new ordinary shares at 4 cents each, raising R 18 million in two phases.
- A R 37 million secured development funding facility would finance Phase 1 of the Stellendale Retirement development.
- Initial equity proceeds of R 3 million would fund audit costs, historic creditors and working capital to support lifting the trading suspension.
- The transaction remains subject to definitive agreements and board and regulatory approvals; shareholders were advised to exercise caution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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