Halcyon Agri Corp. Ltd. (SG:5VJ) has released an update.
Halcyon Agri Corp. Ltd. has successfully obtained a $10 million short-term invoice financing facility from Deutsche Bank AG, Singapore Branch, with specific conditions tied to the ownership structure involving China Hainan Rubber Industry Group Co., Ltd. It’s crucial for the company to maintain at least a 51% ownership by China Hainan Rubber to avoid immediate repayment, and any failure to meet these terms could impact other loans totaling approximately $223.7 million. Shareholders are advised to trade cautiously and seek professional advice as necessary.
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