V2Y (SGX:V2Y) signed a loan facility agreement with company director Lang Jinjun for an amount of SG$20 million, according to a Friday filing with the Singapore Exchange.
The facility comprises an interest-free loan facility of up to SG$15 million and an interest-free convertible loan facility of up to SG$5 million, which can be converted into conversion shares at a conversion price of SG$0.0063 per share.
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