You are here

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

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes