SIT 0.00% 0.2¢ site group international limited

Ann: New Loan Facility, page-11

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  1. 643 Posts.
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    The other reason the major shareholders would be bailing Site out with the loans I assume is that they just lose the land in the event of insolvency dont they? The below is from the 2017 annual report. Again I dont profess to understand the terms of the lease and how to negotiate with the CDC but from what I know about property and gaming officials in Asia this would be anything from a straight forward negotiation if you know what I mean.

    https://hotcopper.com.au/data/attachments/2919/2919966-662fe6da7ef41bf352d4110911e3be91.jpg

 
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