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Post# of 11958
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John23V

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John23V

Re: None

Friday, 11/22/2019 12:09:53 PM

Friday, November 22, 2019 12:09:53 PM

Post# of 11958
The Company has been informed by Gabriel Capital Ltd., through Mr. Agoeng Noegroho its Chief Investment Officer, that its HSBC bank guarantee should issue to China Construction Bank, Jakarta (CCB) in favor of PT Kinerja Pay Indonesia, a wholly owned subsidiary, within the next week. The delay has been due to administratively adjusting the amount of the initial HSBC guarantee dollar amount to match the initial credit facility provided by China Construction Bank, Jakarta. Gabriel has said this process has been completed.

Its all in the wording isn't it?

"Should" instead of "will"

If this was issued last Friday, that means the process was "complete" on Gabriels end, on what Thursday? So its taken minimum 7 days for CCBI to accept what HSBC sent over?
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