any news coming, page-2

That post from michinyon earler (excellant)....very solid endorement from the banking groups for the companY and its aLLCO associated groups.

Still only market cap of $100 m......they can match that in yearly earnings at least.

Here is selective portions from that earlier post:
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"THE Singaporean real estate arm of the Allco Finance Group has pushed back a pressing deadline to repay $S550 million ($440 million) of debt that will relieve any demands on it for a swift sale of its recently expanded property portfolio.

Allco (Singapore), which manages the locally listed Allco Commercial Real Estate Investment Trust, hopes to complete the refinancing terms in the next few days after securing the backing of its lenders to extend the maturity date on the debt from the end of July to December next year.

Wrapping up the new terms will be a significant move for Allco REIT which, like Allco's real estate offshoots in the US and Europe under the Rubicon name, have been facing deadlines to relieve debt and so avoid asset fire sales.

In a statement released to the Singapore Stock Exchange, on which Allco REIT listed two years ago, the trust and its manager said the next key step was to complete the paperwork with the bankers involved.

"The manager is reviewing the terms and conditions of the extension and will execute binding documentation as soon as practicable," the statement added.