Walcom Group subsidiary in Thailand secures overdraft financing
Source - SMW
Walcom Group said its subsidiary in Thailand, Walcom Bio-Chem, has secured new financing from Kasikorn Bank of Thailand in the form of an overdraft.
The facility was for up to THB4.6m (£106k) and secured by way of a mortgage on the freehold title deed for Walcom Thailand's office in Bangkok.
The overdraft was for a term of five years and beared interest at the Bank of Thailand benchmark interest rate, Walcom said.
At 2:50pm: (LON:WALG) Walcom Group Ltd share price was 0p at 1p