Lao family forks out P3B loan to D&L food subsidiary
Food

Lao family forks out P3B loan to D&L food subsidiary

The Lao family’s D&L Industries is lending roughly 10 percent of its P28.6 billion assets to its food subsidiary.

The P3 billion loan to D&L Premium Foods was approved by the D&L board led by bilyonaryo Alvin Lao on October 12.

The loan – P1.8 billion payable in three years and P1.2 billion payable in five years – will be used to finance the capital expenditure of D&L Premium which exports vegetable fats and oils and specialty food ingredients.

The Laos earmarked P8 billion in 2018 to build a factory for D&L Premium and another for Natura Aeor Pack on a 26-hectare property in the First Industrial Township, a special economic zone in Batangas.

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x