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OUE Lippo Healthcare Limited ( (SG:5WA) ) just unveiled an announcement.
OUE Healthcare Limited has entered into a facility agreement with a financial institution for a term loan facility of S$15,000,000. The agreement includes a clause that requires the company to notify the lender if OUE Limited, its controlling shareholder, reduces its stake below 50.1%. If such an event occurs, the company and lender will consult on possible amendments to the agreement, and if no agreement is reached, the loan must be prepaid and the facility will be canceled. The company has also secured an undertaking from OUE Limited to report any share pledging arrangements or events that could breach the facility agreement.
More about OUE Lippo Healthcare Limited
Average Trading Volume: 1,169,111
Technical Sentiment Signal: Buy
Current Market Cap: S$115.5M
Learn more about 5WA stock on TipRanks’ Stock Analysis page.