UTS Marketing Solutions Holdings Ltd. (HK:6113) has released an update.
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UTS Marketing Solutions Holdings Ltd. has negotiated a fifth extension agreement with Exsim, allowing for the repayment of a RM12,000,000 advance in four installments with 12% annual interest. The repayments are scheduled from September 2024 to June 2025, under the condition that all payments are made on time. This strategic move, considered by the Directors to be in the best interest of the Company and its shareholders, is aimed at maximizing the financial resources and potential returns compared to traditional bank deposits.
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