The management of China Essence Group Ltd. (“China Essence” or the “Company”) wishes to provide an update on the refinancing of the US$50 million DBS bank loan.
Further to the announcement on 7 September 2010, the Company has agreed to make a US$10 million partial repayment to DBS Bank Ltd (“DBS”) before the end of the year and DBS has rolled over the outstanding US$50 million short-term loan in anticipation of the repayment. The Company is also working with DBS to term out the remaining US$40 million based on terms acceptable to both parties.
The Company will provide further updates when the financing terms and loan structure are finalised.
Potato Starch manufacturer China Essence provides update on loan refinancing
¿Te gustaría recibir noticias como esta por correo electrónico? ¡Únete y suscríbete!
Get the latest potato industry news straight to your WhatsApp. Join the PotatoPro WhatsApp Community!
Empresa Destacada
Related News
Julio 03, 2026
Royal Avebe Successfully Completes First Joint Potato Campaign at Solan Facility in Poland
The first joint potato campaign at Solan, Poland, concluded successfully, with stable production, high-quality potatoes, and output exceeding expectations. Strong teamwork with colleagues in the Netherlands supports future innovation and growth.
Junio 29, 2026
MYDIPUREE Introduces Premium Algerian Potato Flakes for Global Food Industry
MYDIPUREE introduces premium potato flakes from selected Algerian potatoes using modern technology for consistent quality. Suitable for instant mashed potatoes, snacks, bakery, and meat products, offered in 20 kg packs for global export markets.
Junio 23, 2026
Fanidhar Mega Food Park to Showcase Premium Dehydrated Potato Ingredients at JFEX 2026 Japan
Fanidhar Mega Food Park will exhibit at the JFEX 2026 in Tokyo from June 24–26, showcasing premium dehydrated potato flakes and ingredients for snacks, bakery, instant foods, and industrial food processing applications.
