Forise International (SGX:8A1) entered into a loan agreement with Goh Kui Lian Lillian for an interest fee unsecured loan of SG$500,000, according to a filing with the Singapore Exchange on Friday.
The lender has a 21% stake in the company.
The loan will be used for the company's working capital and cash flow needs, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.