The board of directors of Raffles United Holdings Ltd. announced that the company has entered into a shareholder's loan agreement with its controlling shareholder, Raffles United Pte Ltd. (RU), in relation to the provision of an unsecured, interest-free loan of SGD 2,250,000 to the company on 14 March 2016. Repayment of the shareholder's Loan shall be made by the company upon request by RU. The company intends to use the Shareholder's Loan for general working capital purposes.