TT International unit takes bridging loan of up to S$3m

Singapore

A SUBSIDIARY of mainboard-listed TT International, International Tradelogistics, has taken a bridging loan of up to S$3 million as its restructuring process drags on, the struggling electronics retailer, which owns part of warehouse mall Big Box, said on Tuesday.

"The protracted restructuring process has inevitably been difficult for the group's cashflow position and the purpose of the bridging loan is to tide the group through this interim period," TT International said.