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DeClout lenders get charge over Procurri shares

DECLOUT, a Catalist-listed holding company for technology firms, has given charge over some of its shares in mainboard-listed enterprise hardware supplier Procurri to two private lenders.

The share charge is part of a loan DeClout entered into last week.

It took a S$10 million two-year loan from six private investors against its entire 46.83 per cent stake in Procurri.

On Tuesday, Procurri reported that individuals Cen Zhuoxiang and Oh Kian Seng each has a 14.05 per cent deemed interest in Procurri, charged in their favour by DeClout under the loan.

Separately, DeClout's 50 per cent subsidiary, vCargo Cloud, has agreed to acquire a 60 per cent stake in Gatotkaca Trans Systemindo (GTS) for US$850,000.

GTS is a mid-sized logistics player in Indonesia established since 2000 that provides trucking, freight and forwarding services.

vCargo will also extend a loan of US$545,000 to GTS.

sentifi.com

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