Wilton Resources Corporation Limited (SG:5F7) has released an update.
Wilton Resources Corporation Limited has informed stakeholders about the progress of share sale and buyback agreements related to securing short-term loans, which involved transferring shares of its subsidiary PT WMI to a lender. A total of 922,556,643 shares were used as collateral for a loan of Rp 41.0 billion, with a buyback agreement set at Rp 46.4 billion. The company recently announced that due to the lender’s inability to return the shares on the repurchase date, both parties agreed to extend the repurchase period by one year.
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