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Forise International Ltd. ( (SG:8A1) ) has provided an announcement.
Forise International Ltd., incorporated in Singapore, has announced the entry into an interest-free unsecured loan agreement amounting to S$500,000 with its controlling shareholder, Mdm Goh Kui Lian Lilian. The loan is intended to bolster the company’s working capital and cash flow, reflecting a strategic move to support the operational and growth needs of the business. As the transaction is deemed an ‘interested person transaction’ under the Singapore Exchange’s Listing Manual, and given that it is interest-free, it does not require shareholders’ approval.
More about Forise International Ltd.
YTD Price Performance: 0.0%
Average Trading Volume: 44,382
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$5.11M
Find detailed analytics on 8A1 stock on TipRanks’ Stock Analysis page.
