Medtecs International Corporation Ltd. (SG:546) has released an update.
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Medtecs International Corporation Ltd. has increased its project financing for Resilient Medical to $20 million as part of their joint venture to expand personal protective equipment manufacturing in Cambodia. The financing terms include a 7% annual interest rate, with potential penalties for delayed repayments. This move signifies Medtecs’ commitment to bolstering its production capabilities and addressing growing demands in the PPE sector.
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