Missing the old management already :)Loans from related parties...

Missing the old management already


Loans from related parties

Q Services Holdings Limited (Q Services) (director related entity of Mr Shaojing Wang and Mr Charles Wantrup) has provided the company with a 12 month loan facility at an interest rate of 3% per annum payable in full when the loan facility is fully repaid. Q Services has provided the funding on an as needed basis and as at balance date has loaned $25,000 (2020: $0). A further $10,000 was received in July 2021. The total loan facility is due to be repaid in full by July 2022.

Following the Board changes on 11 August 2021, Mercantile Investment Company Limited (director related entity of **riel Radzyminski) has provided the company with an additional loan of $100,000 for 1 year with an interest rate of 13% per annum