Capital World Limited (Catalist:1D5) announced that it has signed a non-binding term sheet of convertible loan for gross proceeds of a minimum of SGD 5.2 million to maximum of SGD 5.5 million on September 3, 2019. The transaction will include participation from individual investors Dato’ Seri Chong Thim Pheng for SGD 4.2 million to 4.5 million and Ong King Sin for SGD 1 million. The loan will bear a fixed interest rate of 15% per annum, payable on half yearly basis in cash and in arrears. The maturity date is 12 months from date of closing of the transaction. The company will issue convertible notes in the transaction. The notes are convertible into 362,538,561 new ordinary shares at a conversion price of SGD 0.01517 per share. The company will pay facility fees to Prosper Network Co. Ltd. of SGD 0.385 million equivalent to 7% of the gross proceeds, pursuant to the transaction. The company will raise net proceeds of SGD 5.05 million in the transaction.