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COSCO SHIP HOLD's Ports Plans to Extend EUR84M Interest-bearing Loan to EUROMAX Terminal
Recommend 14 Positive 19 Negative 9 |
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In order to accommodate the capital needs and daily production and operation needs of EUROMAX Terminal, COSCO SHIP HOLD (01919.HK)'s COSCO SHIPPING Ports (Rotterdam), Europe Container Terminals and EUROMAX Terminal entered into the Supplemental Loan Agreement, according to COSCO SHIP HOLD's announcement. Pursuant to the agreement, it is agreed that COSCO SHIPPING Ports (Rotterdam) and Europe Container Terminals shall extend the interest-bearing loan provided to EUROMAX Terminal in proportion to their corresponding shareholding interest therein, and the amount provided by COSCO SHIPPING Ports (Rotterdam) to EUROMAX Terminal shall remain as EUR84 million, which will be used to supplement the general working capital for EUROMAX Terminal. AAStocks Financial News |
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