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.