Tritech Group Limited (SG:5G9) has released an update.
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Tritech Group Limited has secured an extension of the maturity dates for two existing loans totaling S$2,000,000 and NZ$3,000,000 by providing a floating charge over shares in its subsidiary, ADAS Group Pte. Ltd. This strategic financial maneuver, involving a deed of charge agreed on 1 October 2024, allows the Singapore-based company to delay loan repayments originally due in 2025 until December 2026. The lender, holding 4.51% of Tritech’s shares, has been a cooperative stakeholder, previously agreeing to multiple deferrals.
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