$AusGroup (5GJ.SG)$ Co. has a US$18.5m unsecured loan from i...
$AusGroup(5GJ.SG$
Co. has a US$18.5m unsecured loan from its shareholder, Ezion.
Ezion is undergoing liquidation and has informed Ausgroup its intention to sell its 13.3% stake in Ausgroup on 28 Jan. I presume Ausgroup will also have to find alternative borrowings to pay back the Ezion loan..what a mess.
Co. has a US$18.5m unsecured loan from its shareholder, Ezion.
Ezion is undergoing liquidation and has informed Ausgroup its intention to sell its 13.3% stake in Ausgroup on 28 Jan. I presume Ausgroup will also have to find alternative borrowings to pay back the Ezion loan..what a mess.
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