If I am not mistaken that the loan is related to the subsidiary...

If I am not mistaken that the loan is related to the subsidiary company which will be transferred to other company

Extract from ODN announcement on 11th Dec 2015
quoted
"The Company also takes the opportunity to inform the market that it has entered into an agreement with Paser Pte Ltd (“Paser”), a Singapore incorporated company, to dispose of its wholly owned subsidiary, Kilgore Exploration Inc, (“KEI”) in which its oil and gas assets reside, for $1. It will also transfer its debt due from KEI in the principal amount of USD 12.4m to Paser. This disposal was signalled to the market in Odin’s June and September quarterly reports and 30 June 2015 full year statutory audited accounts. The disposal of KEI allows the Company to focus fully on the gridComm transaction, and removes a non-performing asset and significant liabilities from the group balance sheet"