Mooreast (SGX:1V3), a provider of marine and offshore solutions, has extended the disbursement date for an SG$1 million deposit under its convertible loan agreement with SG-RT Fund, a sub-fund of CEC-SG VCC.
Originally due by Aug. 13, the deposit will now be paid by Oct. 14 following a mutual agreement due to regulatory delays, according to a Tuesday filing on the Singapore Exchange.
The convertible loan agreement, valued at SG$20 million, remains unchanged except for the new deposit timeline.
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