Asian Micro Holdings Limited (SG:585) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Asian Micro Holdings Limited’s subsidiary, Leverage Income Sdn. Bhd., has secured an interest-free loan of RM5 million from its CEO and controlling shareholder, Mr. Lim Kee Liew. The funds will be used for constructing shop offices in Penang, Malaysia. This transaction, deemed an ‘interested person transaction,’ has been reviewed and approved as fair by the company’s Audit Committee.
For further insights into SG:585 stock, check out TipRanks’ Stock Analysis page.
