Singapore Stock Market News
Ausgroup - Negative Development
StockFanatic
Publish date: Wed, 11 Dec 2013, 11:26 AM
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AusGroup announced that it
i) has repaid all senior bank debt;
ii) is attempting to limit the Bank's security over the Group's assets to the cash that remains on deposit;
iii) is in discussion with a number of parties to provide the Group with working capital and contract bonding facilities; and
iv) it has AUD219m of work in hand.
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