China JinjiangChina Jinjiang Environment announced late on Tuesday night that with regard to its US$200 million loan facility with Standard Chartered Bank ,due to an earlier change in control of the company. Should the majority lenders have required it, the agent StanChart would have to give notice on declaring all outstanding loans and amounts with accrued interest immediately due and payable. China Jinjiang shares closed at 57 Singapore cents on Tuesday, down 0.9 per cent, or 0.5 cent.
. Goldcove SA, the company that was acquired, was acquired for 353,900 Moroccan Dirhams , representing 99.97 per cent equity interest. Goldcove SA has also entered into agreements with third party vendors to acquire a hotel and certain properties in Marrakech, Morocco, which amount to about S$29.88 million. The acquisition will be financed by internal funds and bank borrowings, said the company.
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