Connected mortgage

PUBLISHED : Tuesday, 21 November, 1995, 12:00am
UPDATED : Tuesday, 21 November, 1995, 12:00am
 

HARBOUR Ring International Holdings has announced a connected transaction with a subsidiary of a Chinese state-owned enterprise on May 27.


The subsidiary has mortgaged 49 per cent of the company to Harbour Ring. On November 18, Harbour Ring offered a $9 million loan to the subsidiary. Harbour Ring said the loan had been included in the mortgage contract.


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