USA 7s D2: Cup Quarters- Fiji 12-5 Wales (FT), Kenya 14-19 Samoa (FT), South Africa 24-5 Argentina (FT), NZ 12-7 England (FT), Bowl Quarters- Canada 29-0 Uruguay (FT), Scotland 14-15 Japan (FT),  France 5-21 USA (FT), Australia 31-0 Brazil (FT). Pool play- Argentina 14-12 USA (FT), NZ 12-5 Samoa (FT), France 5-33 South Africa (FT), Kenya 7-7 England (H2), Fiji 19-10 Canada (FT), Australia 10-7 Japan (FT), Wales 28-7 Uruguay (FT), Scotland  33-5 Brazil (FT).
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BUSINESS NEWS

FHL approves $20M loan to FAB

July 05 2010 02:10 PM
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Fijian Holdings Limited (FHL) has today announced the approval of $20 million loan to the Fijian Affairs Board (FAB).
 
Fijian Holdings Limited (FHL) has today announced the approval of $20 million loan to the Fijian Affairs Board (FAB).

FHL managing director, Sereana Qoro said this loan to FAB will assist in payment of the $20 million government loan that was used by FAB as equity investment in FHL in 1991.

“Since the acquisition of class B shares, FHL has already paid $24.75 million in the form of dividends to FAB and Fijian Trust Boards,” she said.

Qoro added the actual terms of the loan agreement are purely commercial in nature and are expected to be finalized with FAB next week.


Story by: Rachna Lal

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