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PAL Equatorial Palm Oil Plc

20.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Equatorial Palm Oil Plc LSE:PAL London Ordinary Share GB00BMF75608 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.00 19.50 21.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Equatorial Palm Oil JV Company LPD Agrees $30 Million Loan with KLK Agro

05/09/2016 8:28am

Dow Jones News


Equatorial Palm Oil (LSE:PAL)
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LONDON--Equatorial Palm Oil PLC (PAL.LN) said Monday that its 50% owned joint venture company, Liberian Palm Developments Ltd. (LPD), has entered into a loan agreement for the loan of up to $30 million with KLK Agro Plantations Pte Ltd..

The palm oil development and production said the loan will be used to continue with the next phase of growth of LPD and fund the construction of the new 60 metric ton palm oil mill to be built on Palm Bay estate.

KLK Agro is owned by Kuala Lumpur Kepong Berhad (KLK).

 

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

September 05, 2016 03:13 ET (07:13 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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