Neroon

Neroon | Joined since 2020-02-12

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2020-02-13 16:12 | Report Abuse

Eh, this would be a criminal offence lah. Loan in a PLC.

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2020-02-12 09:14 | Report Abuse

So VC Investor, your are saying this look like Loan to Director or Shareholder. Basically Vahana give contract to built ship to Eversendai, then never pay Eversendai. But Eversendai deliver ship. Now Eversendai already took loan to build ship but never get paid. So basically that is Loan to Shareholder. Then now bail out by giving ship back to Eversendai.