Koyo International Unit Extends Interested-Person Loan Repayment Dates
MT Newswires07-28 13:33
Koyo International (SGX:5OC) said the parties to three interested-person loans agreed to extend the repayment dates by one year, according to a Monday filing with the Singapore Exchange.
The mechanical and electrical engineering services provider's subsidiary, Koyo Engineering (SE Asia), agreed to extend the repayment date of a SG$500,000 loan from executive director Foo Suay Lun to Jan. 11, 2027.
The repayment date of a SG$3.5 million working capital loan from KF Capital was extended to July 13, 2027, while that of a SG$3 million loan from Foo Suay Lun was extended to Sept. 11, 2027.
The company said the extensions will allow it to optimize the use of its cash to pursue projects.
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.
