US EditionDebt swap worth $9m
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Debt swap worth $9m
THE divestment of Lautoka’s Bowling Club by Fiji Sugar Corporation (FSC)has been labelled as a debt swap worth $9million. Responding to a news report claiming Cabinet approved the debt swap of the property, FSC board chairman Nitya Reddy clarified no such approval was given nor was the corporation at liberty to seek such a consent. “FSC is not aware of any such decision and has received confirmation from the Minister for Multi-Ethnic and Sugar I…
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