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Purpose of Campaign

The Company needs $200,000 of funds to procure supplies from its overseas suppliers, in order to fulfil a large contract supplying personal protection armour plates.

About the Issuer

The Company operates in a niche area of the defence industry and specializes in the supply of tactical equipment and gear to military and law enforcement agencies. It primarily fulfils the procurement needs of various units under the Ministry of Home Affairs (MHA). With their own R&D and production studio, they design and manufacture their own line of tactical gear including carriers, bags, cases and pouches. Their bags and cases are manufactured by industry leaders, and their gear is used by the following units: SPF’s STAR (Special Tactics & Rescue), Special Operations Command, Gurkha contingent GSAG and Security Command.

Issuer Summary

Date of Listing:
May 24, 2016
Amount:
S$200,000
Tenor:
6 months
Repayment Type:
Callable
Repayment Term:
Quarterly
Target Interest Rate:
18.00% p.a.
Purpose:
Working Capital

Funding Summary

Percentage Funded:
100.0%
Total Amount of Eligible Offers:
S$200,000
Number of Unique Investors:
42
Range of Offers:
S$1,000 ~ S$50,000
Note Rate:
18.00% pa
Number of Allocated Investor(s):
42
Highest Rate From Eligible Offer(s):
18.00%
Lowest Rate From Eligible Offer(s):
18.00%
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