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Boston International Holdings ( (GB:BIH) ) just unveiled an update.
Boston International Holdings PLC has entered into a bridge loan facility agreement with its major shareholder, Zarara Energy Limited, to secure up to £248,375.34 for working capital needs. The agreement allows for the loan to be drawn in tranches, with a 10% annual interest rate, and is considered a material related party transaction. The first tranche of £120,943 has been requested to settle creditors, with the terms deemed fair and reasonable by the company’s directors, excluding the representative from Zarara Energy.
More about Boston International Holdings
YTD Price Performance: -41.67%
Average Trading Volume: 1,992,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.3M
For an in-depth examination of BIH stock, go to TipRanks’ Stock Analysis page.