Vividthree Faces S$1.17 Million Loan Repayment After UOB Terminates Facilities
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Vividthree Holdings Ltd. faces a S$1.17 million loan repayment after United Overseas Bank terminated its money market line and temporary bridging loan facilities, demanding immediate repayment. The loans were part of a Covid-19 support scheme. The company is seeking alternative settlement arrangements and fundraising options, emphasizing that its ability to continue operations depends on these efforts. Shareholders are advised to exercise caution as the board believes trading can proceed orderly. The latest analyst rating for Vividthree stock is a Hold with a S$0.02 price target.
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