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RLC's advance payment guarantee to Rich Capital put on hold

Vivienne Tay

Vivienne Tay

Published Thu, Jul 4, 2019 · 09:50 PM
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Singapore

CATALIST-LISTED Rich Capital said that an advance payment guarantee of S$2 million from Rich-Link Construction (RLC) has been put on hold pending "new developments" within RLC, which is working on a solution to repay money owed to Rich Capital.

This would then "render the advanced payment guarantee unnecessary", the company said on Thursday in its response to the Singapore Exchange (SGX).

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