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TMB helps Yarnapund to finance expansion.
Byline: Darana Chudasri
Mar. 10--TMB Bank yesterday arranged a 2.22- billion-baht loan to the auto parts producer Yarnapund Plc.
The loan will be used to finance construction of the company's third factory and support business growth, projected this year at 20-25 percent.
Somphan Phanpanit, the managing director of Yarnapund Plc (YNP), said the company still had 456 million baht in funds available for business growth from its initial public offering in August 2005.
The company plans to invest 2.6 billion baht in a new factory in Chachoengsao, including land and machinery costs.
The loan from TMB carries a term of eight years ...
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