They should also be able to control the casting of at least 35% of the maximum number of votes that might be cast at a general meeting of the company.
Furthermore, any shareholder or group of shareholders should not own a greater stake in the company than Goi and his immediate family members.
If a breach in any of the conditions occurs, the lender is entitled to demand GSH Corporation repay the loan.
As at 9.27am, shares in GSH are trading flat at 18.8 cents.
