Incredible Holdings (SGX:RDR) entered into a loan agreement with Chu Boon Tiong for a sum of SG$500,000, to provide additional working capital and suport daily oeprations, according to a Thursday filing with the Singapore Exchange.
The loan, carrying a tenure of one year, was secured at an interest rate of 6% per year, the after-market filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.