BEIJING-HEADQUARTERED telecommunications company Ace Achieve Infocom announced on Thursday it has received a S$600,000 loan from Rayhii Holding Limited (RHL) to help finance the group's working capital and current operations.

A MEMORANDUM of understanding (MOU) and loan agreement that Ace Achieve Infocom entered into have been terminated after its shares were suspended from trading, with the company warning that it may not be able to operate as a going concern unless it finds replacement funding.

A MEMORANDUM of understanding (MOU) and loan agreement that Ace Achieve Infocom entered into have been terminated after its shares were suspended from trading.