Listed sugar conglomerate Roxas Holdings Inc. (RHI) recently signed a P900-million credit facility with Asia United Bank (AUB) for business expansion and improvement in its operational efficiencies.
In a disclosure to the Philippine Stock Exchange, RHI Executive Chairman Pedro Roxas said that the credit facility consisted of omnibus lines of P450 million each to its subsidiaries Central Azucarera Don Pedro Inc. (Cadpi) in Batangas and Central Azucarera de la Carlota Inc. (CACI) in Negros Occidental.
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