Fusion CX Lends USD 4.5M to Subsidiaries for Loan Repayment

Fusion CX Ltd has entered into a loan agreement to provide USD 4,500,000 to its wholly-owned subsidiaries, Fusion BPO Services Ltd (UK) and Fusion BPO Services Limited (Canada). The loan is unsecured, carries an interest rate of 8.5% per annum, and has a tenure of five years. The funds are intended for the UK subsidiary to on-lend to the Canadian subsidiary for the repayment of its existing loan. Both subsidiaries and the parent company share common directors, including the Chairman and Managing Director, and the transaction is confirmed to be at arm's length.