Shares in garment-maker Gilbert Holdings hit a historic low yesterday after the company revealed it had $800 million in outstanding debt. The stock closed yesterday 0.3 cents lower at 3.1 cents, its lowest finish since going public in October 1995. Gilbert said it was pursuing financial arrangements by holding talks with unrelated parties while discussing its position with bank creditors. Despite its problems, the company said it had not received any demands from Hongkong and Shanghai Banking Corp requiring a pledge or freeze on assets. 'The group is operating within its current working-capital facilities,' it said. Gilbert expected its results in the year to March to be released 'on time' barring any unforeseen circumstances.