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US firm extends US$30m facility to Blumont
Published Tue, Dec 24, 2013 · 10:00 PM
Singapore
UNITED States firms Platinum Partners and Jett Capital Advisors are helping to provide financing for yet another of the companies affected by October's penny stock crash.
Blumont Group yesterday agreed on a US$30 million secured loan facility by Wintercrest Advisors, a wholly owned unit of multi-strategy hedge fund Platinum Partners Value Arbitrage Fund.
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