ASX-listed Boyuan Holdings has secured a new US$10 million loan facility with global investment bank and asset management firm, China Harmonia Capital Company.
The funds will be drawn down through available tranches, with the first tranche to be US$3 million. Interest of 10% p.a. calculated daily will be payable on any drawn funds.
Under the agreement, the loan is secured against BHL’s financial interests in a major development site, Austral Green, in Sydney’s south-west and any currency risks will be fully hedged.
BHL said the funds will provide it with additional working capital to help drive the company’s continued growth strategy.
Australian Property Journal
