Brief: Grand Banks Yachts To Expand Malaysia Facility By Over 25%
06/07/2023 11:12
July 6 (Reuters) - Grand Banks Yachts Ltd GBYL.SI :
* GRAND BANKS YACHTS TO EXPAND MALAYSIA FACILITY BY OVER 25%
* EXPANSION WHICH WILL COST S$9 MILLION IS EXPECTED TO BE
COMPLETED BY AUGUST 2024
* TO EXPAND TO HANDLE BIGGER LUXURY BOATS, INCREASE CAPACITY
AND
ACCELERATE BOAT-BUILDING ACTIVITIES
* GROUP WILL FUND EXPANSION WITH A MIX OF INTERNAL RESOURCES
AND
BANK LOANS
Source text for Eikon: ID:nSN66Q6HT
Further company coverage: GBYL.SI
((Reuters.Briefs@thomsonreuters.com;))
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