Vinyl Group Secures AU$10 Million Unsecured Loan from Chair; Shares Fall 5%

MT Newswires Live

03/31

Vinyl Group (ASX:VNL) entered a five-year AU$10 million unsecured loan facility provided by its Non-Executive Chairman Robert Kenneth Gaunt, according to a Tuesday filing with the Australian bourse.

The funds will be used to acquire Val Morgan Digital and support general working capital needs, the filing added.

The company's shares fell 5% in recent Tuesday trade.

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