NoonTalk Media has entered into a $2.0 million interest-free loan agreement with Dasmond Koh Chin Eng, the group’s CEO and executive director.
As at Oct 9, Koh currently holds a deemed interest of an aggregate of 123,844,288 ordinary shares in NoonTalk, representing a 62.55% stake in the group.
The loan is set to be repaid in full at any point on or after July 1, 2026.
According to the group, proceeds from the loan are expected to go towards NoonTalk's working capital, business expansion, and cash flow needs.
Shares in NoonTalk Media closed flat at 7.2 cents on Oct 9.
