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Sunway gets S$90m loan

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Sunway gets S$90m loan Empty Sunway gets S$90m loan

Post by Cals Sun 22 Sep 2013, 19:19

Published: Saturday September 21, 2013 MYT 12:00:00 AM 
Updated: Saturday September 21, 2013 MYT 7:09:53 AM
Sunway gets S$90m loan

KUALA LUMPUR: Sunway Bhd has accepted the S$90mil term loan facilities granted by DBS Bank Ltd, Labuan branch, to its wholly-owned unit, Sunway Treasury Sdn Bhd.
In a filing with Bursa Malaysia today, Sunway said term loan 1 (S$25mil) and term loan 2 (S$25mil) would facilitate it and its units (Sunway group) to part-finance the construction of the buildings at Sunway University campus and for working capital requirements.
Sunway said term loan 3 of S$40mil would be used to reimburse the group for construction costs after the completion of the new buildings at the university campus and for working capital requirements. – Bernama
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