ICP Ltd. (SG:5I4) has released an update.
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ICP Ltd., a Singapore-based company, announced that its subsidiary MHI MY has secured a RM52 million loan (approx. S$14.8 million), with a key condition that major shareholder Mr. Aw maintains over 50% stake, or risk the loan being payable immediately. As of the announcement, no breach has occurred, and Mr. Aw has committed to promptly report any share pledging or events that could trigger a default on the loan.
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