MKS Attracts USD 6.89 mln Loan
17 December 2008
According to Ukrainian News, electronics and computer retailer MKS (KVIN: BUY) attracted a JPY 770 mln (USD 6.89 mln) loan from multinational company Cargill. Funds will be directed to consumer electronics purchases. MKS announced last month that it plans to open 20 to 25 new stores next year, growing its chain to about 100 stores by 2009. The company also plans to increase its sales by 50% yoy in 2008 to USD 250 mln.
