Asia Strategic Holdings Ltd. has announced an amended loan facility with Macan Pte Ltd, increasing its loan facility by US$1.5 million to US$4.5 million. The loan facility was initially secured on July 1, 2019, for up to US$3.0 million. The increase in the loan facility is to support the expansion of the company's school network. The repayment date on the loan facility has also been extended from June 30, 2024, to December 31, 2027. The loan facility will continue to bear an interest rate of 6% per annum. As of the date of the announcement, US$3.0 million has been drawn under the loan facility.

Macan Pte Ltd is the largest shareholder of Asia Strategic Holdings, owning 960,000 ordinary shares representing 32.4% of the company's current issued share capital. Enrico Cesenni, CEO of Asia Strategic, holds 35.1% of the voting rights of Macan and 1.2% of the voting rights of the company. The company considers the amendments to the loan facility with Macan as material related party transactions.

Asia Strategic Holdings is an independent developer and operator of consumer businesses in emerging Asia, with a focus on the education and services sectors. The company operates a range of brands in the education sector, including English language learning, coding, K-12, and tertiary education. It currently operates 21 schools serving approximately 8,700 students. The company has exclusive development and franchising agreements with Wall Street English and Kids&Us for the development of English language centers in Myanmar and Vietnam. It also operates a joint venture with Auston Institute of Management to develop and operate Auston University. In the services sector, the company offers security, risk management, and secure logistics services through its acquisition of EXERA.