Luks raises US$23m

PUBLISHED : Monday, 15 January, 1996, 12:00am
UPDATED : Monday, 15 January, 1996, 12:00am

LUKS Industrial Co is to grant Singapore-incorporated Hotel Properties (HPL) options to buy shares in Luks Land and Luks Cement in return for a loan of about US$23 million.


HPL had agreed to grant Luks Vietnam an on-demand facility at an interest rate of 8 per cent annually.