GSH Corporation obtains loan facilities of up to $150 mil on condition that Sam Goi remains controlling shareholder

GSH Corporation, on Jan 3, announced that it obtained loan facilities of up to $150 million under a loan facility agreement dated Dec 31, 2020.

According to a filing via SGX, the agreement states that Sam Goi and his immediate family members, including his siblings, spouse and children, have to own at least 35% of the issued share capital of the company.

They should also be able to control the casting of at least 35% of the maximum number of votes that might be cast at a general meeting of the company.

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