Oxpay Financial obtains $2m convertible loan

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pstrongThe loan bears an interest rate of 6.9% per annum./strong/p pa href="https://sbr.com.sg/news/oxpay-receives-licence-offer-e-money-and-account-issuance"Oxpay Financial /asecured a $2m convertible loan facility from Oxley Capital Management, owned by its controlling shareholder, Ching Chiat Kwong./p pChing holds a 27.

An interest rate of 6.9% per annum will apply to the loan beginning on the disbursement date of each tranche. Oxley Capital Management will disburse the loans in four tranches.

Oxley Capital Management can convert all or part of the outstanding loan into fully paid new ordinary shares in the company's issued share capital at $0.0405 per share....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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