LifeBrandz Signs Loan Arrangement with Controlling Shareholder

MT Newswires

2024/10/28

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The company had earlier agreed a facility of SG$250,000, which was fully withdrawn.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%

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