BRIEF-Crystal Peak announces convertible loan agreement with EMR
* Crystal Peak announces convertible loan agreement with EMR Source text for Eikon: Further company coverage:
Ahmad Zaki Resources Bhd finally got the nod to go ahead with the construction of the East Klang Valley Expressway (EKVE).
But the 1.55 billion ringgit ($501.54 mln) highway connecting the Silk Highway in Kajang to the Karak Expressway in Gombak will be built with a government loan of 635 million ringgit ($205.47 mln).
In an announcement on Wednesday, AZRB said it had entered into a concession agreement with the government for the design, construction, completion, operation, management and maintenance of the EKVE for a period of 50 years.
"The government agreed to provide the company with a loan for a maximum principal amount of 635 million ringgit at an interest rate of four percent per annum, capitalised annually, subject to a separate agreement to be entered into between the government and the company," it said -The Edge.
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($1 = 3.0905 Malaysian ringgit)
LOS ANGELES, June 22 The parent of Burger King and Tim Hortons on Thursday vowed to cut the use of antibiotics in its chicken supply, joining other major fast-food chain operators in the battle against the rise of dangerous antibiotic-resistant bacteria known as superbugs.