LONDON (Alliance News) - Medilink-Global UK Ltd on Tuesday said its has agreed a deal with its chief executive to extend the duration of the loan he has advanced to the company.
Medilink-Global said it had agreed with CEO Shia Kok Fat that the term of the GBP300,000 loan he provided to the company will be extended to December 31, 2016.
The company will repay GBP50,000 of the loan by the end of December 2015, with the outstanding amount, including interest, to be repaid by the end of 2016.
Medilink shares were down 0.3% to 4.6125 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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