Asian Micro Holdings Limited (SG:585) has released an update.
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Asian Micro Holdings Limited’s subsidiary, Leverage Income Sdn. Bhd., has secured an interest-free loan of RM5 million from its CEO and controlling shareholder, Mr. Lim Kee Liew. The funds will be used for constructing shop offices in Penang, Malaysia. This transaction, deemed an ‘interested person transaction,’ has been reviewed and approved as fair by the company’s Audit Committee.
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