Corporate digest
OKH Global
PROPERTY developer OKH Global Ltd said that it has entered into a loan agreement on Friday with Haiyi Holdings Pte Ltd, the controlling shareholder of real estate company SingHaiyi Group Ltd, for a S$10 million loan.
The loan will be disbursed within five business days of the signing of the loan agreement and the execution of a personal guarantee by OKH executive chairman and chief executive Bon Ween Foong in favour of the lender to guarantee all payment obligations of the company under the loan agreement. The loan will bear interest at 0.8 per cent per month. It is payable in full six months from disbursement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results