Interested Person Transaction::UPDATE ANNOUNCEMENT ON THE EXECUTION OF A LETTER OF AGREEMENT TO THE LOAN AGREEMENT, WHICH IS AN IPT
Issuer & Securities
SIM LEISURE GROUP LTD.
SIM LEISURE GROUP LTD. - SGXE75616446 - URR
Interested Person Transaction
Date &Time of Broadcast
Announcement Sub Title
UPDATE ANNOUNCEMENT ON THE EXECUTION OF A LETTER OF AGREEMENT TO THE LOAN AGREEMENT, WHICH IS AN IPT
Submitted By (Co./ Ind. Name)
Sim Choo Kheng
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached.
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").
SLG_Director Loan - Update Announcement FINAL.pdf
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