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DeClout's minorities up in arms over S$10m margin loan
Under loan terms, repayment is triggered should two of its executives lose control of the company
Add BT as a preferred sourcePublished Fri, Apr 13, 2018 · 09:50 PM
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.
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