The loan repayment is set to be repaid in full after a one-year period from Sept 12.
Catalist-listed Koyo International (SGX:5OC
) has announced that its executive director, Foo Suay Lun, has entered into a loan agreement with the group’s wholly-owned subsidiary, Koyo Engineering (S.E. Asia) Pte Ltd.
According to the loan agreement, dated Sept 12, Foo has agreed to extend an interest-bearing capital loan of up to $3 million to the subsidiary.
