CAPITAL MARKETS

Michelago deal in China slowed

MICHELAGO’S acquisition of a majority stake in the BioGold Sino foreign joint venture has been pushed back by 2-3 months as a consequence of tightening in the Chinese bank lending process.

Rebecca Keenan
Michelago deal in China slowed

The joint venture partners want the current working capital finance facilities to be rolled over in favour of the new BioGold joint venture, with the facilities effectively a line of credit which BioGold...

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