13th Sep 2018 10:34
LONDON (Alliance News) - Challenger Acquisitions Ltd said Thursday it received the first GBP35,000 tranche of a loan repayment by Star Sanctum ahead of its deadline at the end of September.
Earlier in July, 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.
Under the terms of the agreement, Star Sanctum will repay the full amount of the loan on or before June 2019. The first tranche was due on September 30.
Furthermore, Challenger said the developers of The Odyssey, a "giant" observation wheel, have reported that Dallas City Plan Commissioners have approved the zoning changes for the land in South Dallas for the new entertainment area.
Challenger Acquisition shares were trading down 5.9% at 0.24 pence each on Thursday.
Related Shares:
CHAL.L