Autagco Ltd. Convertible Loan Agreement – Extension of Maturity Date
Autagco Ltd. Announces Extension of Convertible Loan Agreement Maturity Date
Key Highlights
- Autagco Ltd. (“the Company”) has extended the maturity date of its S\$500,000 Convertible Loan Agreement with Lenn International Pte. Ltd. (“the Investor”).
- The original maturity date of 2 December 2026 has been postponed to 2 June 2027, as per a supplemental letter signed on 8 December 2025.
- The principal amount of S\$500,000 remains outstanding in full; no repayment has occurred to date.
- All other terms and conditions of the Convertible Loan Agreement remain unchanged.
Details of the Announcement
The Board of Directors of Autagco Ltd. has officially disclosed that it entered into a supplemental letter with Lenn International Pte. Ltd. on 8 December 2025. This arrangement mutually extends the maturity date of the existing Convertible Loan Agreement, first announced on 3 December 2024. The original agreement involves a principal amount of S\$500,000, which remains fully outstanding.
The new extended maturity date is set for 2 June 2027, replacing the previous date of 2 December 2026. Importantly, all other terms and conditions of the Convertible Loan Agreement remain intact and in full force. This means there are no changes to conversion rights, interest rates, or other covenants beyond the maturity date.
Implications for Shareholders and Investors
- The extension of the loan maturity may have material implications for the Company’s short- to medium-term liquidity position and capital structure. The outstanding loan can potentially be converted into equity, which may lead to dilution if the Investor exercises conversion rights.
- This announcement could be price sensitive, as the extended timeline for repayment or conversion could affect market perceptions of the Company’s financial strength and future equity structure.
- Shareholders and potential investors are strongly advised to exercise caution when dealing in the Company’s securities and to consult professional advisers if in doubt.
- The announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited, but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST).
Important Contacts
For further inquiries, shareholders may contact Ms Lim Qi Fang at SAC Capital Private Limited, Tel: (65) 6232 3210, located at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.
Conclusion
The extension of the Convertible Loan’s maturity date is a significant event for Autagco Ltd., potentially affecting the Company’s funding profile, risk assessment, and share price due to its impact on future equity dilution and financial flexibility. Investors are encouraged to monitor further announcements from the Company for updates regarding the Convertible Loan and other corporate developments.
Disclaimer: This article is based on official announcements from Autagco Ltd. and is intended for informational purposes only. It does not constitute financial advice or a recommendation to buy or sell securities. Investors should conduct their own due diligence and consult with qualified financial advisers before making investment decisions.
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