Interested Person Transaction::Entry into a Loan Agreement with a Controlling Shareholder

Issuer & Securities

Issuer/ Manager
OEL (HOLDINGS) LIMITED - SG0584008601 - 584
Stapled Security

Announcement Details

Announcement Title
Interested Person Transaction
Date &Time of Broadcast
02-Apr-2023 18:55:18
Announcement Sub Title
Entry into a Loan Agreement with a Controlling Shareholder
Announcement Reference
Submitted By (Co./ Ind. Name)
Zhao Xin
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Interested Person Details
The Lender, Dr Zhang Jian, is a Chairman and Executive Director of the Company. As at the date of this announcement, the Lender has a direct interest in an aggregate of 138,331,000 ordinary shares in the capital of the Company representing 14.81% of the entire issued share capital of the Company and is a controlling shareholder of the Company.

Accordingly, the Lender is deemed to be an interested person for the purposes of Chapter 9 of Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.