PETALING JAYA: Oil and gas services provider KNM Group Bhd
has sealed a guarantee facility for its guaranteed bonds for up to 2.78 billion baht (RM235.19mil) from Credit Guarantee and Investment Facility (CGIF).
In a statement released yesterday, KNM said proceeds from the proposed Thai bonds will be used to support Impress Ethanol Co Ltd, its business unit in Thailand in terms of refinancing the company’s debt, future expansion and working capital expenses for its bio-ethanol plants.
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