Advance Equity Holding Gives A 1.255 Mln Leva Loan To Subsidiary

On 25 July 2007 Advance Equity Holding AD Sofia () added another 150,000 leva to the core capital of Project Estate Ltd, acting as the company's owner, BSE reports.

As of today, Project Estate Ltd's core capital stands ar 500,000 leva (255,645 euros), which has been entirely deposited by its owner.

As of July 25, Advance Equty Holding AD gives a loan to its subsidiary Project Estate Ltd in the amount of 1 255 000 leva (641,671 euros).

The loan is for a period of 4 years and the interest rate is 6%. Project Estate Ltd will use the money to implement its investment program.

The company's core activity is management of investment projects in the field of real estate and construction.

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