ProsperCap Corporation Limited: Key Updates on Share Charges and Loan Facilities

ProsperCap Corporation Limited (“the Company”, formerly known as 3Cnergy Limited) has issued an important update regarding significant security arrangements involving its controlling shareholder and a substantial credit facility. Shareholders should pay close attention to these developments as they may have implications for the Company’s shareholding structure and potentially its market value.

Key Highlights of the Announcement

• Discharge of Previous Share Charge: The Company has announced that the share charge created in January 2026 over 1,344,870,969 ordinary shares (approximately 83.74% of the Company’s total issued capital) held by DTP Inter Holdings Corporation Pte. Ltd. (“DTPIH”), an indirect wholly-owned subsidiary of DTGO Corporation Limited (“DTGO”), in favour of Bangkok Bank Public Company Limited (“BBL”) has been fully released and discharged as of 27 April 2026. The discharge follows repayment in full of DTGO’s indebtedness under the related facility documents.
• Entry into New Share Charge (April 2026): On the same date (27 April 2026), ProsperCap was notified that a new share charge over the same 1,344,870,969 ordinary shares (still approximately 83.74% of issued capital) was created in favour of BBL. This new charge secures a THB 6,000,000,000 promissory note facility (approximately SGD 233.5 million) granted to DTGO by BBL.
• Obligations Secured: The new charge is to secure DTGO’s obligations under a new promissory note sale agreement and promissory note, both dated 27 April 2026, as part of the Company’s ongoing financing arrangements.
• Controlling Shareholder Disclosure: DTGO, which controls approximately 84.85% of ProsperCap, is bound by a deed of information undertaking to notify the Company immediately of any share pledging or similar arrangements. The Company has complied with Rule 728 of the Catalist Rules by disclosing this information.

Details of the New Share Charge

Potential Impact on Shareholders and Share Price Sensitivity

• Significant Security Over Majority Shares: The creation of a new share charge over 83.74% of ProsperCap’s issued shares means that in the event of default by DTGO, BBL could potentially enforce the share charge and acquire control over a majority stake in the Company. This could impact the Company’s shareholding structure and influence its share price, especially if there are credit concerns regarding DTGO.
• Renewal of Large Credit Facility: The size of the facility (approx. SGD 233.5 million) and its renewal indicates continued reliance by the controlling shareholder on significant third-party financing, with ProsperCap’s shares as collateral. Investors should monitor DTGO’s financial health and its ability to service its obligations, as any distress could have repercussions for the Company.
• Regulatory Compliance and Transparency: ProsperCap is acting in accordance with SGX Catalist Rules by making these disclosures. The transparency is positive, but the underlying risk remains material if the controlling shareholder’s financial position weakens.

Conclusion

Shareholders should be aware that a substantial portion of ProsperCap’s shares remains charged in favour of a lender as security for DTGO’s borrowings. Any issues with DTGO’s ability to meet its obligations could result in a change of control, which would likely be price sensitive and could affect the Company’s valuation. Investors are advised to monitor further disclosures relating to DTGO’s financial position and any changes to the secured arrangements.

Disclaimer: This article is based solely on the Company’s public disclosures as of 28 April 2026 and does not constitute financial advice. Investors should conduct their own due diligence and consult professional advisers before making investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this article.

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