HS Optimus Holdings Limited (SG:504) has released an update.
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HS Optimus Holdings Limited has secured a S$2 million revolving credit facility from United Overseas Bank to finance its working capital and seize potential business opportunities. The loan, secured by mortgages on two of the Group’s properties, carries an interest rate of 1.50% over the Singapore Overnight Rate Average. Terms of the facility include restrictions on changes in the company’s control and shareholding, which, if breached, could lead to immediate repayment demands.
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