By Gaurav Raghuvanshi
SINGAPORE--Golden Agri-Resources Ltd. (E5H.SG) said Wednesday its investment unit in Liberia has received a US$500 million loan from China Development Bank Corp. to develop palm plantations in the African country.
Golden Veroleum Ltd., owned by private equity fund The Verdant Fund LP, will draw on the loan over six years for its Liberia project. Golden Agri is currently the only investor in The Verdant Fund, the palm planter said in a statement to Singapore Exchange.
Write to Gaurav Raghuvanshi at [email protected]