Independent journal on economy and transport policy
08:13 GMT+2
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Régional Lines Container obtains a loan from its shareholder of reference
From Ngow Hock Co. it will receive 300 million baht (9,7 million dollars)
September 26, 2012
The Thai shipowning society Régional Container Lines (RCL), than work mainly containerized marine services intra-asiati us and with the Middle East with a fleet of 40 ships, has received an economic support from its shareholder of reference, the Thai Ngow Hock Co. that it stops 208,8 million actions of the RCL pairs to 25.2% of the capital stock of the shipowning company.
Ngow Hock Co. it has granted to total RCL a loan of 300 million baht (9,7 million dollars) to the annual interest rate of 4.75%. Régional Lines Container has specified that the economic support is necessary in order to increase the floating capital of the company.
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