Government suspends negotiations to conclude financing arrangement for Westland

Mon, 18 Mar 2019

By Rebecca Howard March 19 (BusinessDesk) - The government has suspended negotiations with Westland Cooperative Dairy Company to conclude financing arrangements for a $10 million loan after news the dairy company had reached a conditional agreement to sell the cooperative to Inner Mongolia Yili Industrial Group. “The proposed sale means that a loan from the Provincial Growth Fund will not go ahead at this stage. If the sale is ultimately confirmed by shareholders then the loan will no longer be required by the company,” the head of the Pr...

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