Regional Container Lines (RCL) has received financial assistance of THB300m ($9.7m) from Ngow Hock Company, a major shareholding with 25.2% holding in RCL.

Bangkok-listed RCL said the funds will be “used as working capital to support the business operation.” It added that no condition on collateral will create adverse effects to the company.

The loan will bear an interest rate of 4.75% per annum over a one-year tenor.

(Source:shipping online)