Singapore

DECLOUT'S decision to take a S$10 million margin loan that triggers immediate repayment if two of its executives lose control of the company has riled a group of minority shareholders who is threatening to remove the management.

On Wednesday, DeClout, a Catalist-listed holding company for technology firms, took a two-year loan from a group of six private investors against its entire 46.83 per cent stake in mainboard-listed enterprise hardware supplier Procurri.