Since we are discussing about various parties' due diligence in their dealing with Sino Grandness, may I refer also to following:
In 3Q 2016, Garden Fresh was granted a 7-year US$25m loan by DEG, the German development bank. The floating interest rate is 3.8% above 6-month Libor, rendering an effective rate between 4.5% and 5.06%.
Any assessment on whether DEG had conducted due diligence?
In 3Q 2016, Garden Fresh was granted a 7-year US$25m loan by DEG, the German development bank. The floating interest rate is 3.8% above 6-month Libor, rendering an effective rate between 4.5% and 5.06%.
Any assessment on whether DEG had conducted due diligence?