Rebel Group, Inc. (OTCBB:REBL) announced that it has entered into Investment agreement for a private placement of loan for proceeds of $300,000 and 1,400,000 common shares at $0.50 per share for proceeds of $700,000 for total gross proceeds of $1,000,000 with Teng Chee Keong on May 9, 2017. The loan has an annual interest rate of 10% and would mature on May 4, 2018, which can be extended to May 4, 2019. The loan is convertible into common shares of the company at a conversion price of $0.50 if the conversion is made within 7 days of the maturity date and at a conversion price of $0.60 if the conversion is made within 7 days of the extended maturity date.