Surf has agreed a $20m loan option with Oversea-Chinese Banking Corporation that could see the lender subscribe for new shares when the company is listed.
And Go Sirius has sealed a $34m credit facility with the bank, Otto said.
Both companies have to ensure that one of Otto’s controlling shareholders, Yaw Chee Siew, maintains a holding of at least 30% in Otto at all times.
Yaw
