OceanScape International (SGX:V2Y) extended the maturity of its SG$20 million interest-free loan facility from Executive Chairman and Director Lang Jinjun by two years to Oct. 30, 2029.
The facility comprises a SG$15 million loan and a SG$5 million convertible loan, with all other terms remaining unchanged, according to a Tuesday Singapore Exchange filing.
The extension is expected to improve financial flexibility and reduce near-term repayment obligations, the company said.
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