Allied Ppt (HKG:0056) lends further $80M to borrower

   Date:2011/12/19

Allied Group (00373.HK) and its 72.34%-owned subsidiary, Allied Properties (00056.HK), announced jointly that, on 15 December 2011, Allied Properties entered into a third deed of variation with the borrower to make available to the borrower a secured cash advance loan facility in the amount of HK$80 million for the same purposes as the initial facility amount lent to the borrower, which are funding the borrower's plant upgrade, accelerating exploration expenditure at existing operations and projects of the borrower, or for general corporate purposes.
 

Source:chinesestock.org

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