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JES International Holdings Ltd Enters Into Letter Of Intent For Grant Of Facilities Amounting Up To USD40.0 Million

Monday, 5 Aug 2013 03:51am EDT 

JES International Holdings Ltd announced that the Company has entered into a letter of intent (the LOI) with a US based private investment firm (the Lender) on August 02, 2013, pursuant to which it is proposed that the Lender makes available to the Company a facility of up to a maximum aggregate of USD20 million with the option of the Company (subject to approval from the Lender) to request an additional facility of up to a maximum aggregate of USD20 million (the Facility). The facility will be used for working capital of the Company. The tenure of each Loan shall be for a period of three years commencing from the date of each disbursement. JES Overseas Investment Limited is the guarantor. 

Company Quote

-0.0020 -6.67%
24 Oct 2014