Brief: Barramundis' Brunei Operations Secure Facility Offer Of BND $15 Mln

Barramundi

28/02/2024 09:46

Feb 28 (Reuters) - Barramundi Group Ltd  BARRA.OL :
    * CO'S BRUNEI OPERATIONS HAVE SECURED A FACILITY OFFER OF
BND $15
MILLION FROM A BRUNEIAN FINANCIAL INSTITUTION
    * FACILITY, SUBJECT TO FINALISATION AND COMPLETION, WILL BE
USED
TO FUND FIRST PHASE OF BRUNEI EXPANSION AND PIVOT TO BG 2.0
    * IMMEDIATE DEPLOYMENT OF PELONG ROCKS WILL HELP TO SMOOTHEN
GAP
IN PRODUCTION AND REVENUES, PROVIDE GROUP WITH OPPORTUNITY TO
RE-ENTER CHINA MARKET

Source text for Eikon:  ID:nObiL0HQya 
Further company coverage:  BARRA.OL 

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