Mooreast Explores Options After Loan Deposit Default

MT Newswires

2025/01/06

Mooreast Holdings (SGX:1V3) said lender SG-RT Fund failed to meet a SG$1 million deposit deadline under a SG$20 million convertible loan agreement, according to a Friday filing on the Singapore Exchange.

The company is seeking alternative funding for expansion and acquisitions after the deposit, extended to Dec. 31, 2024, was not paid.

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