Y Ventures Secures Up to SG$1.7 Million Loan Facility

MT Newswires

07/01

Y Ventures (SGX:1F1) secured a loan facility of up to SG$1.7 million from its chief executive officer, Low Yik Jin, according to a Tuesday filing with the Singapore Exchange.

The loan, which carries an interest rate of 4% per year, has been divided into two tranches, with the first tranche carrying a principal amount of up to SG$500,000, while the second tranche will carry a principal amount of up to SG$1.2 million.

Proceeds raised from the loans will be used to meet the company's liquidity needs and to support investment activities and working capital requirements.

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