Recently, a famous retailer of Apple products in Singapore was hot on the news. Jon covered the generics about the project in this post.
It was the first time, a subsidiary of a listed company has raised money through crowdfunding in Singapore.
I think it is important to know the actual entity that is borrowing the funds. The Listed Company is not borrowing, but one of her Subsidiaries is:
The loan of S$1m, at an annualised interest rate of 13.5%, was raised within 48 hours. This shows the credibility of a listed company’s backing, and how yield hungry Singapore investors can be.
Despite that, the act raised many eyebrows among investors – why is EpiCentre raising money through crowdfunding?
I don’t know the answer but I want to lay out the possible reasons in this article.
