Fresh doubts over repayment of PGW-owner Agria’s loan to LIC

The repayment of Livestock Improvement Corporation’s loan to Chinese firm Agria Corporation is in question again.

In 2011, LIC, the listed dairy farmer cooperative, agreed to lend Agria subsidiary Agria Singapore$10 million for its $144 million partial takeover of listed rural services company PGG Wrightson (PGW).

 

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