OxPay Financial Limited Announces Further Extension on Convertible Loan Agreement
Key Points from the Latest Corporate Disclosure
- Extension of Convertible Loan Agreement (CLA): OxPay Financial Limited has announced a further extension to the satisfaction date of certain conditions under its Convertible Loan Agreement (CLA) with Oxley Capital Management Pte. Ltd. The deadline has now moved from 28 May 2026 to 28 November 2026.
- No Disbursement Yet: As of the date of the announcement, no part of the loan facility under the CLA has been disbursed to the company.
- Rationale for Extension: The extension is to allow OxPay Financial Limited additional time to secure the necessary corporate and regulatory approvals required for the CLA.
- Unchanged Terms: Apart from the revised deadline, all other terms and conditions in the CLA remain unchanged and in full force and effect.
- Risk Advisory to Shareholders: The company has explicitly cautioned shareholders and potential investors that there is no certainty the Convertible Loan Facility will be granted or that its terms will remain unchanged.
- Ongoing Disclosure Obligations: OxPay Financial Limited has stated it will continue to make necessary announcements in compliance with Catalist Rules as material developments arise.
- Corporate Governance: The company’s sponsor, ZICO Capital Pte. Ltd., has reviewed this announcement, but the Singapore Exchange Securities Trading Limited (SGX-ST) has not examined or approved its contents.
Implications and Potential Price-Sensitive Elements
This update is significant for investors as the Convertible Loan Agreement represents a potential source of funding that could impact the company’s financial position and future growth plans. The repeated extensions highlight ongoing challenges in securing required approvals, which may introduce uncertainty regarding the company’s immediate access to new capital.
Importantly, the company has not yet received any funds under the CLA. This means that any anticipated business developments or expansions tied to this funding remain on hold. The delay and lack of certainty could potentially affect investor sentiment and consequently the share price, especially if investors interpret the continued delay as a sign of underlying issues in obtaining approvals or in the negotiation process.
Shareholders and potential investors are strongly advised to exercise caution when dealing in the company’s shares and to seek professional advice if they are unsure of their course of action.
Company Statement
The announcement was signed off by Executive Director and Chief Executive Officer Chin Mun Chung on 26 May 2026.
For further queries, investors may contact Ms. Goh Mei Xian at ZICO Capital Pte. Ltd., the company’s sponsor.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own financial, tax, legal or other professional advisors before making investment decisions. The Singapore Exchange Securities Trading Limited (SGX-ST) has not examined or approved the content of this report and assumes no responsibility for its accuracy or completeness.
中文版本
OxPay Financial Limited 公布可转换贷款协议的进一步延期
本次公告的要点
- 可转换贷款协议延期： OxPay Financial Limited 宣布，其与 Oxley Capital Management Pte. Ltd. 签署的可转换贷款协议（CLA）满足相关条件的截止日期，再次从 2026 年 5 月 28 日延长至 2026 年 11 月 28 日。
- 尚未提款： 截至公告日，公司尚未收到 CLA 下的任何贷款资金。
- 延期原因： 这次延期旨在为公司争取更多时间，以获得 CLA 所需的公司与监管批准。
- 协议其他条款不变： 除了截止日期的变更，CLA 的其他条款和条件保持不变，继续有效。
- 股东风险提示： 公司明确提示，不能保证可转换贷款最终一定会发放，或其条款不会被修改。
- 后续信息披露： 公司将继续根据 Catalist 规则发布相关重要进展公告。
- 公司治理： 本公告已由公司保荐人 ZICO Capital Pte. Ltd. 审阅，但新加坡交易所证券交易有限公司（SGX-ST）未审查或批准其内容。
对投资者的影响及潜在股价敏感因素
这一更新对投资者具有重要意义，因为 CLA 代表着公司未来潜在的资金来源，可能影响公司的财务状况和发展规划。多次延期反映出公司在获得所需批准方面面临持续挑战，这将为公司资金获取带来不确定性。
目前公司尚未获得任何 CLA 资金，这意味着所有依赖于该项融资的业务发展或扩张计划均被推迟。延期及不确定性可能影响投资者情绪，进而影响公司股价，尤其是市场解读为公司在审批或谈判过程中存在潜在问题时。
公司强烈建议股东和潜在投资者在买卖公司股票时保持谨慎，并在有疑问时寻求专业意见。
公司声明
本公告由执行董事兼首席执行官 Chin Mun Chung 于 2026 年 5 月 26 日签署。
投资者如有疑问，可联系公司保荐人 ZICO Capital Pte. Ltd. 的 Ms. Goh Mei Xian。
免责声明：本文仅供参考，不构成投资建议。投资者在作出投资决策前，应咨询自身的财务、税务、法律或其他专业顾问。新加坡交易所证券交易有限公司（SGX-ST）未审阅或批准本文内容，对其准确性或完整性概不负责。
