Lorenzo Shipping Corporation
PSE Circular for Brokers No. 072-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 6, 1998
Full text
February 6, 1998 PSE CIRCULAR FOR BROKERS NO. 072-98 PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention : Atty . Ruben L . Almadro VP Compliance & Surveillance Dept . RE : Lorenzo Shipping Corporation Gentlemen : Please be advised that at the Meeting of the Board of Directors of Lorenzo Shipping Corporation held on 4 February 1998, the Board authorized Management to obtain from Neptune Orient Lines Ltd. (NOL) a five (5) year term loan in an amount not exceeding Seven Million Five Hundred Thousand United States Dollars (US$7,500,000.00). The loan shall be secured by the vessels of LSC and shall carry an interest rate of ten percent (10%) per annum. NOL is a shareholder of LSC. Very truly yours, (SGD.) ARSENIO C. CABRERA, JR. Corporate Secretary
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.