---
title: "Astaka Holdings Secures RM170 Million Loan for Development Projects"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225032708.md"
description: "Astaka Holdings Ltd. has secured a shareholders’ loan agreement for up to RM170 million to support its joint venture, Astaka Kimlun Sdn. Bhd., in ongoing development projects. This interest-bearing unsecured loan aims to enhance the company's operational capabilities and strengthen its position in the property development market. Astaka Holdings, based in Singapore, focuses on real estate development through its subsidiaries. The company's current market cap is S$52.34 million, with a year-to-date price performance of -6.67%."
datetime: "2025-01-15T10:12:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225032708.md)
  - [en](https://longbridge.com/en/news/225032708.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225032708.md)
---

# Astaka Holdings Secures RM170 Million Loan for Development Projects

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An update from Astaka Holdings Ltd. ( (SG:42S) ) is now available.

Astaka Holdings Limited has announced that its board has approved a shareholders’ loan agreement involving its joint venture company, Astaka Kimlun Sdn. Bhd. The agreement entails an interest-bearing unsecured loan not exceeding RM170,000,000 to support ongoing development projects. This financial move is expected to enhance the company’s operational capabilities and strengthen its market position in property development.

**More about Astaka Holdings Ltd.**

Astaka Holdings Limited, incorporated in the Republic of Singapore, operates in the real estate industry with a focus on property development through its subsidiaries.

**YTD Price Performance:** -6.67%

**Technical Sentiment Consensus Rating:** Buy

**Current Market Cap:** S$52.34M

See more data about 42S stock on TipRanks’ Stock Analysis page.

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