Refinancing Loan News
High-profile Help Puts $5m Into Rescuing Davnet
Tuesday August 14, 2001
Billionaire investor Mr George Soros and Milan's de Benedetti dynasty have come to the rescue of Australian junior telecom Davnet, handing the embattled tech play a $5 million loan facility. The cornerstone of Davnet's effort to stay afloat is a $5 million financing package from Denford Enterprises, a company owned by the Hong Kong-based Investment Company of China (ICC).Soros Investment Throws Davnet A Lifeline
Tuesday August 14, 2001
Billionaire investor George Soros and Milan's de Benedetti dynasty have come to the rescue of Australian junior telecom Davnet, handing the embattled tech play a $5 million loan facility.