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Garment firm GTI to take out loan for $4.2M

Garment firm GTI to take out loan for $4.2M

Taiwanese-owned garment manufacturer Grand Twins International (GTI) will take out a short-term loan for about $4.2 million from an unnamed financial institution to purchase raw materials and cover operating costs, the listed company said in a filing to the Cambodia Securities Exchange yesterday.

It said the loan was not expected to have any significant impact on the company’s operations. GTI posted $42.3 million revenue during the first half of 2017, with $1.2 million net profit.

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