Interested Person Transaction::UPDATE ANNOUNCEMENT ON THE EXECUTION OF A LETTER OF AGREEMENT TO THE LOAN AGREEMENT, WHICH IS AN IPT

Issuer & Securities

Issuer/ Manager
SIM LEISURE GROUP LTD.
Securities
SIM LEISURE GROUP LTD. - SGXE75616446 - URR
Stapled Security
No

Announcement Details

Announcement Title
Interested Person Transaction
Date &Time of Broadcast
30-Nov-2020 12:17:16
Status
New
Announcement Sub Title
UPDATE ANNOUNCEMENT ON THE EXECUTION OF A LETTER OF AGREEMENT TO THE LOAN AGREEMENT, WHICH IS AN IPT
Announcement Reference
SG201130OTHRUN7T
Submitted By (Co./ Ind. Name)
Sim Choo Kheng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached.

Additional Details

Interested Person Details
The Lender, Mr Tan Boon Seng, is a non-independent non-executive Director of the Company. As at the date of the Loan Agreement, the Lender has a direct and deemed interest in approximately 0.68% and 17.50% of the share capital of the Company respectively and is, therefore, a controlling shareholder of the Company. Accordingly, the Lender is deemed to be an interested person and the entry into the Loan Agreement is an interested person transaction for the purposes of Chapter 9 of Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "Catalist Rules").

Attachments

SLG_Director Loan - Update Announcement FINAL.pdf
Total size =151K