BRIEF-Molan Steel Signs Agreement To Obtain An Interest-Free Loan From Its Major Shareholder

MOLAN

MOLAN

9553.SA

0.00

May 14 (Reuters) - MALEN IRON 9553.SE:

  • MOLAN STEEL - SIGNS AGREEMENT TO OBTAIN AN INTEREST-FREE LOAN FROM ITS MAJOR SHAREHOLDER,

  • MOLAN STEEL - FINANCING AMOUNT SAR 15 MILLION

  • MOLAN STEEL - BORROWING PARTY IS COMMITTED TO REPAYING TOTAL LOAN AMOUNT UPON LENDER'S WRITTEN REQUEST FOR PAYMENT

  • MOLAN STEEL - FINANCING TO COVER ACQUISITION COSTS AND FUND WORKING CAPITAL

Further company coverage: 9553.SE


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