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Cacola terminates $45 mil placement agreement

Gwyneth Yeo Published on Wed, Nov 23, 2016 / 8:33 PM GMT+8

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SINGAPORE (Nov 23): Cacola Furniture International has terminated the $45 million placement agreement with Advance Opportunities Fund that was first announced in 2014.

At the same time, the group has also terminated the conditional unsecured $40 million loan facility with Advance Opportunities Fund and Advance Capital Partners.

Cacola said in a filing to the Singapore Exchange that the agreements were terminated without any liability for any of the parties, and added that there would be no claims by any party against the other.