GS Holdings unit Octopus Distribution Networks secures SGD 33.52 million UOB facility
Reuters
Mar 10
GS Holdings unit Octopus Distribution Networks secures SGD 33.52 million UOB facility
GS Holdings said its unit Octopus Distribution Networks entered into a facility agreement with United Overseas Bank for S$33.52 million. Elanc Investment, a controlling shareholder, pledged 166.23 million shares to United Overseas Bank as security for the facility. The pledged shares represent 15% of the company’s total issued share capital.
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