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V2Y Corporation Secures S$2 Million Loan to Boost Food Distribution Venture

V2Y Corporation Ltd. ( ($SG:V2Y) ) has provided an announcement.

V2Y Corporation Ltd. has secured a S$2,000,000 unsecured loan from Mr. Tang Zhaorui, a shareholder in Green Grapes Pte Ltd, to support its joint venture Evertrust Distribution Pte Ltd. The loan will enable V2Y to enhance its operations in the food trading and distribution industry, potentially strengthening its market position and providing increased value to stakeholders.

More about V2Y Corporation Ltd.

V2Y Corporation Ltd., incorporated in Singapore, operates within the trading and distribution sector, focusing primarily on food and food products through its subsidiaries like Evertrust Distribution Pte Ltd.

YTD Price Performance: -30.0%

Average Trading Volume: 2,539,726

Technical Sentiment Consensus Rating: Buy

Current Market Cap: S$5.83M

See more insights into V2Y stock on TipRanks’ Stock Analysis page.

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