FinTechFunding

MSM Corporation: Receives second loan repayment from RTE

  • MSM Corporation (MSM) has received its second loan repayment of US$100,000 (around A$130,875) from Riva Technology and Entertainment (RTE)
  • This marks the second loan repayment for the US$1.5 million (around A$1.96 million) loan note and regular payments will follow
  • In November 2019, MSM secured first ranking, interest-free loan notes in RTE for US$1.5 million over two instalments
  • Of the US$1.5 million, US$1 million (roughly A$1.3 million) has already been transferred
  • Additionally, the first US$100,000 payment was received in October 2020 and MSM will use the funds for general working capital
  • MSM is up 1.56 per cent on the market and shares are trading at 6.5 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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