Oxley Holdings Ltd. (SG:5UX) has released an update.
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Oxley Holdings Ltd. has announced that its subsidiary, Oxley Gem, has secured loan facilities totaling S$570 million, with S$542 million already utilized to refinance existing debt. The agreements include conditions that require key shareholders to maintain a significant stake in the company to avoid potential loan defaults. Investors should note the strategic financial maneuvers and the importance of shareholder control in safeguarding these financial arrangements.
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