Mooreast (SGX:1V3) said the SG$1 million deposit due under its SG$20 convertible loan agreement with SG-RT Fund has been further delayed.
The lender's investor terminated its subscription to the VCC fund, making it unlikely the deposit will be received by Dec. 31. The company is seeking clarification from the lender.
The long stop date for the agreement has been extended to Jan. 31, 2025, according to a Monday filing on the Singapore Exchange.
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