SINGAPORE, Jan 26 (Bernama-BUSINESS WIRE) — Vending Machines International (VMI), today announced a SGD 135 Million capital commitment from GEM Global Yield LLC SCS (“GGY”), the Luxembourg-based private alternative investment vehicle.
Under the agreement, GGY will provide VMI with a Share Subscription Facility of up to SGD 135 million for a 36-month period following a public listing of VMI’s common stock. VMI will control the timing and maximum amount of drawdowns under this facility and has no minimum drawdown obligation.
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