Fan, currently DLF’s chairman and executive director, owns 26.8 million shares in the company, representing 22.11% of its entire issued share capital.
SINGAPORE (Oct 3): Just a week after it was slapped with a notice of compliance (NOC) by Singapore Exchange Regulation (SGX RegCo), DLF Holdings announced Thursday it is taking an interest-free loan of $500,000 from founder Manfred Fan Chee Seng.
Repayable within six months from the date of the loan agreement on Oct 2, 2019, DLF says in a bourse filing that the loan will be used for the group’s general corporate and working capital purposes.
