The financing is for between $10 and $15 million.
I doubt they are planning on a $50mil upgrade (not yet anyway) unless there is other money coming like a grant from the Singapore government or other. Wouldn’t that be great?
It is not something they need as per Suresh’s statement:
Time 20:21: DL upgrade
We have got very high capital efficiency in the facility which means for small amounts of capital expenditure we can generate a large amount of revenue. The facility in Singapore is immediately capable with modest investment of earning up to $100 million of revenue which we can then scale up as we generate more demand and more growth with our technology. We are positioned for strong revenue growth margin expansion and profitability
