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The latest update is out from V2Y Corporation Ltd. ( (SG:V2Y) ).
V2Y Corporation Ltd has entered into a facility agreement with Mr. Lang Jinjun, securing an interest-free loan facility of up to S$20,000,000. This agreement includes two separate lines of credit: a S$15,000,000 loan for business development and working capital, and a S$5,000,000 convertible loan that can be converted into shares at the lender’s discretion. The loans are unsecured and rank equally with other unsecured debts, potentially enhancing the company’s financial flexibility and operational capacity.
More about V2Y Corporation Ltd.
V2Y Corporation Ltd is a company incorporated in Singapore, operating within a group structure. The company focuses on business development and general working capital, leveraging financial agreements to support its operations.
Technical Sentiment Signal: Sell
Current Market Cap: S$3.71M
For detailed information about V2Y stock, go to TipRanks’ Stock Analysis page.