30th Nov 2015 09:45
LONDON (Alliance News) - Smart LED lighting products designer PhotonStar LED Group PLC on Monday said it has replaced its existing trade finance facility with a new GBP1.7 million deal.
PhotonStar said its current trade finance facility of GBP1.3 million has been replaced by a facility for up to GBP1.7 million provided by ABN Amro Commercial Finance PLC.
"We are delighted to be working with ABN AMRO Commercial Finance PLC and that they are providing a new working capital facility which provides greater flexibility to the Group in the management of its working capital arrangements," said PhotonStar Chief Executive James McKenzie.
Shares in PhotonStar were untraded on Monday, having last traded at 3.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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