OUE Lippo Healthcare Limited (SG:5WA) has released an update.
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OUE Healthcare Limited has secured a S$25 million loan facility agreement with an international financial institution, with terms that could prompt renegotiation or repayment if the controlling shareholder’s stake falls below 51%. The deal includes a S$15 million term loan and a S$10 million revolving loan, with specific conditions to maintain the financial institution’s interests in case of significant ownership changes.
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