News about the elimination of debts and notes from companies is almost always followed with great interest by investors and hence, the announcement from Indo Global Exchanges Pte Ltd (OTC:IGEX) could be worth looking into. The company came into focus after it made an announcement with regards to the signing of a strategic agreement to that effect.
The Breakthrough
The company announced yesterday that the strategic agreement was meant to eliminate as much as $5 million worth of notes and debts. In the news release, the company called it a major financial step and went on to note that the move was also a demonstration of Indo Global Exchanges’ commitment to growth and stability. It was also noted that such debt elimination would also lead to a stronger future for both the company’s shareholders as well as stakeholders. In light of the announcement, the Indo Global Exchanges stock could emerge as one to watch this week.
Further News
The move was called a crucial part of the corporate strategy of the company and had been completed with no dilution of the shares held by shareholders. It may be a good time to consider adding the Indo Global Exchanges stock to your watch lists.
