Ellipsiz Unit Secures SG$65 Million Loan From Malayan Banking

MT Newswires

03/23

Ellipsiz (SGX:BIX) subsidiary, ISE Foods, secured a term loan facility of up to SG$65 million from Malayan Banking (KLSE:MAYBANK), Singapore branch, according to a Friday filing with the Singapore Exchange.

Shares of the semiconductor company were down over 2% in Monday trading.

The loan facility will be used to partially finance the development of Singapore's 4th Egg Far, which includes the acquisition of a new plot on a 15-hectare land.

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