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Incredible Holdings Ltd. ( (SG:RDR) ) has provided an update.
Incredible Holdings Ltd. has entered into a loan agreement with Datuk Chu Boon Tiong, securing a principal sum of S$500,000 at a 6% annual interest rate. This loan aims to bolster the company’s working capital, enhancing liquidity and supporting daily operations. The lender, Datuk Chu Boon Tiong, is a director of Chronos Premium Trust, known for its innovative capital-secured investment structure using luxury assets. This financial move is expected to strengthen the company’s operational capabilities without any direct or indirect interest from its directors or substantial shareholders.
More about Incredible Holdings Ltd.
Current Market Cap: S$5.99M
Find detailed analytics on RDR stock on TipRanks’ Stock Analysis page.