The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Infinio enters into S$2.95m loan deal; shares actively traded before trading halt

Published Tue, Dec 12, 2017 · 09:50 PM
Share this article.

Singapore

MINERAL oil and gas firm Infinio Group on Tuesday said it has entered into a S$2.95 million loan agreement with Wang Zhen Wen. The shares will resume trading on Wednesday following a trading halt imposed earlier on Tuesday, after queries from the exchange on unusually heavy trading since last Friday.

The loan is repayable by Dec 12, 2020. In a Singapore Exchange (SGX) filing, Infinio said about S$1.06 million, or 35.9 per cent of the amount, will be used to repay loans, the majority of which are owed to shareholders at an interest rate of 12 per cent per annum.

BT is now on Telegram!

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

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here