Published Date:
07 November 2008
VIANET, which provides data services for businesses selling products in vending machines, has taken another loan from one of its major shareholders, shunning an equity placement.
The Dunfermline-based company said it had taken a £300,000 loan from Barkley Ltd, a company registered in St Vincent and the Grenadines, which holds a 7.7 per cent stake in Vianet. The one-year loans, to provide working capital, extend previous loans of £800,000 from Barkley, payable in 2009-10.
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Last Updated:
06 November 2008 9:57 PM
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Source:
The Scotsman
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Location:
Edinburgh
