Reading Time: 7 minutesIn 2014, businessman Goh Meng Leong borrowed $350,000 from a licensed moneylender at an annual interest rate of 240 per cent. Over two years, Mr Goh paid back a total of $700,000 in instalments to ABK Leasing. However, even though Mr Goh had paid back twice the amount he had borrowed, he still owed the […]
Shareholder Activism and How It May Affect Your Loans – A Practical Guide for Lenders
Reading Time: 6 minutesThis article is intended to guide lenders on the key issues to consider when dealing with a corporate with multiple shareholders. The relevance of shareholders when dealing with a company Company law dictates that there be a separation of ownership and control and distribution of powers within a company. Simply put, the shareholders are the […]