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Bat Group Enters Into Memorandum Of Understanding With Regional Commercial Bank To Accelerate Business Expansion To New Regions


Thursday, 20 Jun 2019 

June 20 (Reuters) - Bat Group Inc ::BAT GROUP, INC. ENTERS INTO MEMORANDUM OF UNDERSTANDING WITH REGIONAL COMMERCIAL BANK TO ACCELERATE BUSINESS EXPANSION TO NEW REGIONS.BAT GROUP INC - SRCCU AGREES TO ISSUE COMPANY A CREDIT LINE OF UP TO US$580 MILLION.BAT GROUP INC - AGREES TO USE PROCEEDS FROM LINE TO PURCHASE LUXURY CARS, EXPAND ITS OPERATIONS AND SATISFY OTHER WORKING CAPITAL NEEDS.BAT GROUP INC - MEMORANDUM IS A FRAMEWORK AGREEMENT ONLY.BAT GROUP INC - TERMS OF DRAW UNDER LINE OF CREDIT WILL BE AGREED BY PARTIES BASED ON NEGOTIATION.. 

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19 Aug 2019