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Aviv Arlon ( (IL:CNGL) ) has provided an announcement.
Aviv Arlon has announced that its controlling shareholders have committed to providing a loan to the company to finance the repayment of credit related to the Biscayne 85 transaction and cover ongoing expenses. This interest-free loan will only be repaid when the company secures external funding, and the commitment will last until March 1, 2026, or until such external funding is obtained. The board of directors and audit committee approved this arrangement, highlighting that the loan is granted without consideration and solely benefits the company, indicating strong support from the controlling shareholders during financial challenges.
More about Aviv Arlon
YTD Price Performance: 4.45%
Average Trading Volume: 40,802
Current Market Cap: ILS556.1M
For a thorough assessment of CNGL stock, go to TipRanks’ Stock Analysis page.