In a filing with Bursa Malaysia yesterday, Parkson said its 54.97%-owned Parkson Retail Group Ltd (PRGL) has entered into a facility agreement with a syndicate of banks. The loan facility has a term of 36 months commencing from the first drawdown date. (File pic shows a Parkson Retail Group store in Beijing.)
PETALING JAYA: Parkson Holdings Bhd
’s Hong Kong-listed subsidiary has secured a syndicated loan of HK$2.7bil (RM1.46bil) to refinance existing loans and to meet general corporate and working capital needs.
In a filing with Bursa Malaysia yesterday, Parkson said its 54.97%-owned Parkson Retail Group Ltd (PRGL) has entered into a facility agreement with a syndicate of banks.
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