SG briefs: EcoWise Holdings, GKE Corp

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Singapore company briefs: EcoWise Holdings and GKE Corp.

EcoWise Holdings

EcoWise Holdings said Wednesday one of its subsidiaries in Malaysia received on 9 March a letter of demand from Malayan Banking (Maybank) for repayment of MYR1.24 million within seven days. 

Around MYR509,000 of the Maybank amount is in addition to the overdue amount of MYR2.52 million the company previously disclosed, EcoWise said in a filing to SGX.

The letter also highlighted other amounts totalling around MYR8.6 million which will mature and/or are due and payable from March to May, the filing said.

Read more: EcoWise receives letters of demand for overdue payments

GKE Corp. 

GKE Corp. said Wednesday it has received US$2.12 million, which is 47 percent of the deferred consideration due for the sale of its entire 65 percent stake in Van Der Horst Logistics. 

Under the deal, the purchaser is required to pay the balance by 8 March, but at the purchaser’s request, GKE has extended the due date for the remaining consideration to 8 April, the company said in a filing to SGX.