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.

Furthermore, any shareholder or group of shareholders should not own a greater stake in the company than Goi and his immediate family members.

If a breach in any of the conditions occurs, the lender is entitled to demand GSH Corporation repay the loan.

mute
As at 9.27am, shares in GSH are trading flat at 18.8 cents.