SDAI (SGX:5TI) secured a SG$600,000 loan facility via a funding agreement with private investor Tan Kooi Jin, according to a Wednesday filing with the Singapore Exchange.
The loan, which carries an annual interest rate of 15%, will be used to make prepayments for AKG longevity and anti-ageing products from suppliers.
The facility will be drawn in tranches of up to SG$300,000 each.
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