Wee Hur (SGX:E3B) entered into a facility agreement with The Trust Company (Australia), as a trustee for WH Redfern Trust, to provide a loan facility of AU$5.0 million, a filing with the Singapore Exchange said on Tuesday.
WH Redfern Trust is a subtrust of Wee Hur PBSA Fund II, in which Wee Hur holds a 30% unitholding interest, the filing said.
Under the terms of the agreement, WH Redfern can only use the loan for working capital purposes. The loan facility is chargeable at an interest rate of 5% per year.
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