Summary: Merged entity, which will have an operating capital
of Dh1.2b, will possess more than 35% market share locally
(OTC: NGTF) has signed a definitive agreement to acquire Suffield Foods, LLC, and Hook Marketing, LLC, contingent upon NightFood providing ongoing operating capital
for Suffield operations, the company said.
AcelRx president and CEO Richard King stated that the proceeds from this credit facility provide AcelRx with additional operating capital
and contingency funding for its commercialisation activities as it continues to prepare for the launch, if approved, of Zalviso.
The First Commercial Bank plans to offer about NT$20 billion (US$625 million) in loans at 1.8%-2% per annum to small- and medium-sized enterprises that need operating capital
in biotech, new energy and LED.
Milacron has a significantly stronger balance sheet including substantially lower debt and greater operating capital
, the firm says.
The Chairman of the board of Abu Dhabi based investment company, Al Rayan Investment, Mr Fardan Hassan Al Fardan, today announced that the company had successfully increased its operating capital
by 10% owing to profits achieved in 2008.
"Although we recommend our clients review the financial impact of buy versus lease with their accountants, leasing can offer some distinct advantages such as preserving precious operating capital
, avoiding capitalization of the asset and thus allowing 100 per cent write-off of the lease payment (in the case of an operating lease)," states Lucy Belanger, financial controller.
The loan will be used to pay off an existing building loan and to provide operating capital
for the owner of this 33,600 s/f, fully-leased office/ flex building which is located inside the Washington Beltway at General Washington Drive in Alexandria, Virginia.
The rest of the money it owes will be converted into operating capital
. The TV station relies on advertising for most of its income.