Singulus takes €22.75m loan to repay Triumph debts; Chinese holder sells 16.75% stake

what happened

Singulus Technologies disclosed under article 17 MAR that it has taken a subordinated secured loan of roughly EUR 22.75 million. The lender is the same technology company that already provided financing in March 2026.

The proceeds will repay all outstanding liabilities owed to Triumph Science and Technology Group and its affiliates. These debts arose from loans and advance payments tied to projects, and once settled they no longer create delivery obligations for the company.

At the same time, Triumph is transferring its stake of about 16.75% to a German investor. After the sale, Denan Chu, who sat on the Supervisory Board as Triumph's representative and largest shareholder, will step down with immediate effect. A decision on appointing a fourth Supervisory Board member will follow shortly.

why it matters

For investors, the key point is that the company removes delivery obligations tied to advance payments and reshapes its shareholder base and board. The loan amount is modest, but a change of hands in a large block can affect interest in the stock on a thinly traded market.

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