Share
- Release Date: 05/03/13 15:36
- Summary: GENERAL: ALF: Loan Asset Sale
- Price Sensitive: No
- Download Document 649B
ALF
05/03/2013 13:36
GENERAL
REL: 1336 HRS Allied Farmers Limited
GENERAL: ALF: Loan Asset Sale
[email protected]
5 March 2013
Loan Asset Sale
Allied Farmers Limited (ALF) advises that it has entered into an agreement to
sell various loan assets with nil book value to a confidential third party
("Loan Asset Sale"). The consideration for the Loan Asset Sale will result in
an immediate net payment to ALF of $100,000 and possibly up to a further
$500,000 dependent on outcomes unknown at this time. Net payments received
will be used to reduce debt.
Garry Bluett
Chairman
End CA:00233796 For:ALF Type:GENERAL Time:2013-03-05 13:36:01
