Halcyon Agri Secures $50 Million Loan from Controlling Shareholder

MT Newswires ·  {{timeTz}}

11:15 PM EDT, 10/12/2021 (MT Newswires) -- Halcyon Agri (SGX:5VJ) has secured a $50 million revolving loan facility from its controlling shareholder, Sinochem International (Overseas).

The loan carries an interest of 1.8% per annum. The loan period will start on Oct. 12 and will expire on Feb 28, 2022, according to a Tuesday filing.

The natural rubber supplier said the facility will strengthen its financial flexibility and will provide additional capital for general working capital purposes.

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