Polaris Ltd's wholly-owned subsidiary, Polaris Device Pte. Ltd. has entered into an unsecured loan arrangement and subscription and shareholders agreement with XMI Pte. Ltd. and the founders of XMI, namely Lee Tze-Yen Ryan, Lee Tze-Wen Reuben and Lim Eng Hock to invest in XMI. PDPL will invest in XMI an initial 30% equity interest, comprising 300,000 ordinary shares, through the grant of an unsecured USD loan of a total principal amount of USD1,500,000/-, equivalent SGD2,021,250/-, to XMI on the terms and subject to the conditions of the Agreement...
Attachments: Source: ShareInvestor ExpressWhile reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-