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The firm added: “The company will also leverage on available borrowing facilities up to the end of the financial year to cushion its working capital in light of off-crop requirements.”
The increase was on the back of price adjustments in response to increasing cost pressures, amplified by currency dynamics embedded in the consumer price index.
He said THL’s holdings in Hippo Valley Estates Ltd and Triangle Ltd, were not under business rescue and, therefore, were not directly impacted by the BRP.