Blackwell Global Group Limited has announced the discontinuation of its lending operations and the winding down of its finance company operations.
The company's loan book was $Nil as of 31 March 2023 and the bond from Blackwell Global Group Limited was extended from 30 June 2022 to 31 December 2023 with an agreed interest rate of 0%.
The company has also capitalised $450,000 of its bonds into 100,000,000 new ordinary shares.
The Board is actively looking for a suitable business opportunity to invest in or acquire through a reverse takeover transaction.
The Annual Report is due on or before 30 June 2023.
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