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News: WLD Wellard announces WGH refinancing

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    19/09/16
    08:40
    Post #: 19241795

    Sept 18 (Reuters) - Wellard Ltd:

    • Wellard announces WGH refinancing
    • WGH Holdings Pty Ltd (WGH), a company controlled by Wellard CEO

      Mauro Balzarini, signed agreements to undertake a refinancing

    • WGH will transfer 66.32 million Wellard shares to Fulida, making Fulida wellard's second largest shareholder with a 16.58% shareholding
    • Upon closing of refinancing, WGH will immediately repay the A$15.8 million separation payment due to co plus accrued interest of about A$0.5 million
    • WGH has also signed an agreement with Fulida Group Holdings Co ltd
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