10th Jul 2019 11:12
(Alliance News) - Challenger Acquisitions Ltd said Wednesday it has received the fourth installment of the GBP100,000 loan repayment due from Star Sanctum.
In July 2018, Challenger - which invests in observation wheels around the world - said it reached an agreement with Jane Lowther, the owner of Star Sanctum, for the repayment of the GBP100,000 loan the company gave Star Sanctum.
The first GBP35,000 tranche of the loan was paid in mid-September.
The loan repayment was agreed in April 2018 after Star Sanctum said the launch of its first film convention in London scheduled for May was cancelled due to inadequate ticket sales and a resulting cash deficit to fund appearances by actors.
Shares in Challenger Acquisitions were up 3.5% at 0.15 pence on Wednesday.
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