SDAI Secures Loan for Working Capital Needs, Current Liabilities

MT Newswires08-17 19:03

SDAI (SGX:5TI) signed a redeemable loan agreement with Tan Wai Boon for a loan of SG$500,000 to improve the group's cash flow and fund general working capital and current liabilities.

The loan carries an 8% annual interest rate and runs until Dec. 31, 2027, according to a Monday Singapore Exchange filing.

SDAI shares have been suspended from trading on the SGX Catalist board since July 12, 2021.

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