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PSHGY.PK Secures USD 50 Mn Loan Facility

|Includes: Pou Sheng International Holdings Ltd. ADR (PSHGY)


Prepared by ChinaScope Financial | Source: Company Disclosure
  • Pou Sheng International Holdings Ltd. (03813: HKG) announced that it entered into a facility letter with Australia and New Zealand Banking Group Ltd. (ANZ) on March 26. According to the agreement terms, ANZ will provide the company with USD 50 million in two-year loans.
  • According to the announcement released today, the company made USD 2.18 billion in revenue for the fifteen months ended December 31, 2012, while suffered a net loss of USD 69.2 million during the period.
  • Pou Sheng International Holdings Ltd. specializes in the retail sales of sportswear, distribution of licensed products, and manufacture and sales of original equipment manufacturing footwear.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.