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 45% of the company's turnover, while snacks and beverages accounted for 34% and 17% respectively. The company added six more production lines in China for rice crackers bringing the total number of production lines to...

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