IFC to increase stake in Morgan Stanley-backed China Flooring
International Finance Corporation (IFC) will extend a loan to China Flooring Holding Company, a Hong Kong-listed firm backed by Morgan Stanley Private Equity Asia. The loan will consist of a term loan of up to $30 million and a convertible loan of up to $10 million.
According to a statement, the term loan is repayable in nine equal installments at six month intervals, commencing from June 15, 2014. The convertible loan is repayable in seven equal installments at similar...
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