Autagco (SGX:WNH) has signed an agreement to provide an unsecured term loan of SG$200,000 to Edge Green, the target of its proposed acquisition, according to a Monday filing with the Singapore Exchange.
The six-month loan carries an interest of 8% a year and is guaranteed by the target's vendor, Chiong You Kwong.
Proceeds will fund working capital of Edge Green's upcoming projects.
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