Banks OK ProMOS NT$3 billion loan

Josephine Lien, Taipei; Jessie Shen, DIGITIMES Asia Tuesday 17 February 2009 0

A consortium of nine Taiwan banks have agreed to extend a syndicated loan of NT$3 billion (US$87.5 million) to DRAM maker ProMOS Technologies, which is facing a cash crisis. The agreement was reached on February 16 after more than 10 hours of negotiation...

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