Financing ·
Webuy Global Ltd agreed to settle US$557,289.87 in accounts payable owed by its subsidiary Webuy Travel Pte
WBUYWebuy Global Ltd
Webuy Global Ltd agreed to settle US$557,289.87 in accounts payable owed by its subsidiary Webuy Travel Pte. Ltd. through a debt settlement agreement with creditor representative Mao Hongliang. The company will issue 728,484 Class A ordinary shares valued at US$0.765 per share to satisfy the debt. This issuance represents approximately 12.28% of the company's outstanding shares and is scheduled for August 27, 2026. Webuy Global Ltd operates in the online travel agency industry.