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SDAI Signs Interest-Free Loan Agreement with Executive Chairperson

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SDAI (SGX:5TI) signed a redeemable loan agreement with executive chairperson Hao Dongting for an interest-free loan of SG$200,000, according to a Thursday filing with the Singapore Exchange.

The loan will be drawn down in a single tranche within five working days and runs to Dec. 31, 2027.

The agreement also includes a placement option under which the lender would enter a subscription agreement within a week of any resumption of trading in the company's shares.

The loan is earmarked for general working capital and to discharge existing liabilities.

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