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Purpose of Campaign

The Company needs up to $200,000 of additional funds, repayable via a 12 months equal installment note, as working capital to purchase additional equipment in order to fulfill their ongoing projects for 2016. These projects are valued at a total of approximately $5.38 million (as at 8 June 2016).

 

About the Issuer

The Company is a leading Engineering, Procurement and Construction Services provider for sub-sea structures in Singapore. They have been providing customized services for Oil & Gas production and processing facilities, both off and on-shore for over 20 years. Their support service includes Process Engineering, Mechanical Engineering, Piping Engineering, Structural Engineering, Construction/Fabrication, Commissioning, Delivery and Hook Up.

 

Issuer Summary

Date of Listing:
June 14, 2016
Amount:
S$200,000
Tenor:
12 months
Repayment Type:
Equal Instalment
Repayment Term:
Monthly
Target Interest Rate:
19.00% p.a.
Purpose:
Working Capital

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$200,000
Number of Unique Investors:
95
Range of Offers:
S$1,000 ~ S$30,000
Note Rate:
19.00% pa
Number of Allocated Investor(s):
95
Highest Rate From Eligible Offer(s):
19.00%
Lowest Rate From Eligible Offer(s):
19.00%
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