ZICO Makes Early Loan Payment; Shares Down 4%

MT Newswires

02/06

ZICO (SGX:40W) made an early repayment on a convertible loan worth around SG$1.3 million from three investors, according to a Thursday filing with the Singapore Exchange.

Shares of the multidisciplinary services provider were down over 4% in Friday trading.

The repayment was made to reduce the company's overall finance costs and to discharge itself of its obligations to the three investors.

Meanwhile a fourth investor decided not to accept the offer of early repayment of an amount of SG$150,000.

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