LifeBrandz (SGX:1D3) entered into a loan arrangement with controlling shareholder, Aurico Global, for a principal amount of up to SG$750,000, according to a filing with the Singapore Exchange on Friday.
The interest rate on the loan is 5% per annum and will have a two-year term.
The company had earlier agreed a facility of SG$250,000, which was fully withdrawn.
The new facility will help the company expand its business plans, which include diversification and working capital needs.
Price (SGD): S$18518.61, Change: S$+100, Percent Change: +0.56%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments