Halcyon Agri Corp. Ltd. (SG:5VJ) has released an update.
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Halcyon Agri Corporation Limited has successfully obtained a substantial working capital loan of RMB 700 million from the Export-Import Bank of China, Hainan Branch. The loan is contingent on China Hainan Rubber Industry Group maintaining a majority ownership stake in Halcyon Agri, with significant financial implications should they fail to maintain this or the company defaults on repayment. Shareholders and potential investors are advised to be cautious and consult advisors when dealing with the company’s securities.
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