Incredible Holdings (SGX:RDR) has decided to cancel a SG$500,000 loan deal with third-party lender, Chu Boon Tiong, after the lender became entirely unreachable and failed to disburse the loan amount, according to a Thursday filing with the Singapore Exchange.
The two parties entered into a loan agreement back in August 2025 to help the management services provider with its working capital needs.
Medi Lifestyle (SGX:Z4D) reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan, according to a Thursday filing with the Singapore Exchange.Shares of the healthcare services provider were down over 8% in Friday trading.Under the agreement, Hang will subscribe to roughly 47.4 million new rights shares, which will offset SG$947,696 of an outstanding SG$1.5 million shareholder loan.Additionally, four other corporate insiders have committed to the share offering and have already deposited their subscription amounts into the company bank account, taking the total subscription to 107.1 million shares, amounting to about SG$2.1 million.Proceeds raised from the activity will be used to offset the loan, while the remaining amount will be used for general working capital needs, debt repayment and business development initiatives.
New Zealand shares ended higher on Friday, while most Asian shares saw a sell-off as a peace deal in the Middle East remains elusive.The S&P/NZX 50 Index rose 0.46%, or 60.36 points, to close at 13,161.97.The Lebanon-based Hezbollah has rejected a new ceasefire on Thursday, and Israel said it will not withdraw its troops from Lebanon, according to a Thursday Reuters report.In domestic news, New Zealand's total new lending decreased to NZ$14.17 billion in April from NZ$15.13 billion in March, according to data from the Reserve Bank of New Zealand.In corporate news, Infratil (ASX:IFT, NZE:IFT) said its capital bond offer closed after it allocated AU$200 million of unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds maturing on June 15, 2057, including AU$50 million of oversubscriptions.Spark New Zealand (NZE:SPK, ASX:SPK) launched Verified Call, a feature that helps customers identify legitimate Spark calls by displaying the company's name, logo, a verified badge, and the reason for calling on the mobile phone screen before picking up.
Shenzhen Megmeet Electrical (SHE:002851) provided a 150-million-yuan joint liability guarantee for subsidiary Zhejiang Yihe Sanitary Ware, according to a Friday filing with the Shenzhen bourse.The guarantee falls within the industrial automation equipment manufacturer's approved 2026 quota of 6.07 billion yuan, with the remaining available guarantee at 5.92 billion yuan.Shares of the company were down nearly 4% in recent trade.