Bursa Alert
Global Market
NewsL&G unit secures RM90m loan from OCBC Bank
Page 1 of 1
L&G unit secures RM90m loan from OCBC Bank
by hlk Fri 16 Dec 2011, 22:55
KUALA LUMPUR (Dec 19): Land & General Bhd’s unit Sri Damansara
Sdn Bhd (SDSB) has secured a RM90 million loan from OCBC Bank (Malaysia)
Bhd.
L&G said on Friday the credit facilities were to enable SDSB to undertake a condominium project, Damansara Foresta, in Bandar Sri Damansara, Selangor and to provide general working capital.
SDSB is a property development company with an authorised and issued
and paid-up of RM100 million and RM69 million, respectively.
The first party first legal charge would be created over three parcels of land for Damansara Foresta
project; debenture by way of fixed and floating charge over all of
SDSB’s present and future assets relating to the development of Damansara Foresta project.
L&G would also execute a corporate guarantee for RM90 million and
it would also provide a letter of undertaking to finance the
CONSTRUCTION [] cost and any other costs; associated with the development of Damansara Foresta project to complete the project.
Sdn Bhd (SDSB) has secured a RM90 million loan from OCBC Bank (Malaysia)
Bhd.
L&G said on Friday the credit facilities were to enable SDSB to undertake a condominium project, Damansara Foresta, in Bandar Sri Damansara, Selangor and to provide general working capital.
SDSB is a property development company with an authorised and issued
and paid-up of RM100 million and RM69 million, respectively.
The first party first legal charge would be created over three parcels of land for Damansara Foresta
project; debenture by way of fixed and floating charge over all of
SDSB’s present and future assets relating to the development of Damansara Foresta project.
L&G would also execute a corporate guarantee for RM90 million and
it would also provide a letter of undertaking to finance the
CONSTRUCTION [] cost and any other costs; associated with the development of Damansara Foresta project to complete the project.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Press Metal secures RM350m loan from Maybank, RHB Bank
» Tanco Hldgs secures RM77m loan from Bank Rakyat
» Country Heights unit redeems 68.8m loan stocks, funded by Maybank loan
» Vivocom unit inks HoA for RM90m mixed development job in Perak
» Press Metal unit provides RM90m losses/write-offs in power outage
» Tanco Hldgs secures RM77m loan from Bank Rakyat
» Country Heights unit redeems 68.8m loan stocks, funded by Maybank loan
» Vivocom unit inks HoA for RM90m mixed development job in Perak
» Press Metal unit provides RM90m losses/write-offs in power outage
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|