Mermaid Maritime Public Co., Ltd. (SG:DU4) has released an update.
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Mermaid Maritime Public Co., Ltd. has secured a loan facility worth $20.72 million from the Export-Import Bank of Thailand to bolster its working capital. The agreement includes a condition that could trigger mandatory prepayment if Thoresen Thai Agencies’ shareholding drops below 52%. This financial move underscores the company’s strategic planning and reliance on stable shareholder support.
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