14th Feb 2014 15:01
LONDON (Alliance News) - Fidelity China Special Situations PLC Friday said it has extended its revolving facility agreement for another three years after reaching an agreement with lender Scotiabank Europe PLC.
The company, whose portfolio is made up primarily of securities issued by companies listed in China or Hong Kong, as well as Chinese companies listed elsewhere, said it has amended and restated its revolving facility agreement for USD150 million until February 14 2017.
It said it intends to use the proceeds from the facility in order to invest in line with its objectives.
The company said the transactions leave its gearing and equity exposure levels unchanged.
Fidelity China Special Situations shares Friday closed at 104.6 pence, flat.
By Samuel Agini; [email protected]; @samuelagini
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