Brief: Okh Global Says Shareholder Loan Of S$43.5 Mln Will Be Successfully Extended

Global Resource Construction

11/10/2021 11:32

Oct 11 (Reuters) - OKH Global Ltd  OKHG.SI :
    * OF VIEW THAT SHAREHOLDER LOAN AMOUNTING TO S$43.5 MILLION
WILL
BE SUCCESSFULLY EXTENDED BEFORE IT IS DUE IN JULY 2022
    * GROUP WILL BE ABLE TO OPERATE AS A GOING-CONCERN & WILL BE
ABLE
TO MEET SHORT-TERM OBLIGATIONS
    * THERE WILL NOT BE ANY IMMEDIATE REPAYMENT REQUIRED FOR
LOANS IN
NEXT TWELVE MONTHS
    * DURING AUDIT FOR FY2021, THERE WERE NO FINDINGS FROM
AUDITORS
THAT SHOWS THAT GROUP WILL NOT BE ABLE TO OPERATE AS A
GOING-CONCERN

Source text for Eikon:  ID:nSN14TnlK 
Further company coverage:  OKHG.SI 

 (Reuters.briefs@thomsonreuters.com)