"....As announced on 8 April 2014 the balance $3.9 million was due for repayment on 31 March 2014 but was extended to 30 September 2014 by agreement. It has been agreed that a further extension be granted to 31 December 2014 for repayment of the balance $3.9 million."
Q: Will PIF receive Interest (%) on the Principals of delayed payments?
Principal 1. - Principal to date + % from 31 March 2014 to 30 September 2014
Principal 2. - P1 + % from 30 September 2014 to 31 December 2014
Last time I checked Accountancy Study Courses, this is what's due to PIF.
Every Penny Counts!
Cheers,
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
