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Corporate News

Parkson Retail Group Ltd enters into RM1.6bil loan agreement

PETALING JAYA: Parkson Retail Group Ltd (PRGL), a 54.97% owned subsidiary of Parkson Holdings Bhd has entered into a loan agreement in relation to a syndicated loan facility in an aggregate amount of RM1.6il.

The loan is for a term of 36 months commencing from the first drawdown date and will be aimed at refinancing PRGL’s existing loans.

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