Pine group declared debt-free
1 May, 2018, 5:30 am
THE Fiji Pine Group of Companies was declared debt-free by Prime Minister Voreqe Bainimarama yesterday. He made the announcement after presenting a $4.4million cheque to Westpac Banking Corporation general manager Brett Hooker, at the Drasa mill complex in Lautoka.
Mr Bainimarama made the debt-free declaration after presenting lease security bonus payment cheques totalling $7million to 40 landowning units.
“Today (yesterday), we are also announcing the complete repayment of Fiji Pine’s remaining loans to Westpac with a final lump sum payment of $4.4 million,” he said.