DeClout lenders get charge over Procurri shares
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
vCargo will also extend a loan of US$545,000 to GTS.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant