Want Want wants $50 million loan

The snack food maker has mandated DBS Bank as sole arranger for a three-year term loan with bullet repayment.

Singapore-listed Want Want Holdings is in the market for a $50 million loan. The snack food maker with major operations and subsidiaries in China and Taiwan has mandated DBS Bank as sole arranger for a three-year term loan with bullet repayment. Launch is scheduled for the last week of June.

The proceeds from the loan will be utilised for refinancing and working capital purposes. Want Want Holdings mainly produces rice crackers, snacks and beverages. In 2001, rice crackers accounted for...

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