SingHaiyi's controlling shareholder strikes share deal with OKH Global

Singapore

HAIYI Holdings Pte Ltd (HHPL), the controlling shareholder of Catalist-listed property developer SingHaiyi Group, has struck a conditional agreement to subscribe for 500 million new shares in mainboard-listed property developer OKH Global Ltd at S$0.10 apiece.

Under a loan agreement, HHPL will also extend a loan of S$10 million to OKH Global.

HHPL has in turn granted SingHaiyi a conditional right of first refusal, such that in the event that HHPL completes the subscription of the releva…