Plastoform Holdings Limited entered into non binding term sheet to receive a loan facility of principal amount of up to SGD 2.5 million on October 20, 2021. The conversion right will be subject to approval of shareholders of the company. The transaction is subject to completion of due diligence and in principle approval from SGX-ST. One World Business Advisory Pte. Ltd introduced the investor and will received 6% of the proceeds as introduction fees.