Date: 19th November 2013 at 7:41pm
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Birmingham International Holdings have announced they are to take out a loan worth £1.2 million from U-Continent Holdings Limited.

The statement to the Hong Kong Stock Exchange said they would be using the money to improve liquidity.

The money is to be borrowed for up to 12 months at 0.5% interest per month.

U-Continent have also purchased two convertible bonds in BIHL.

With Yeung still negotiating short term loans for the group to stay afloat clearly a sale is further away than hoped. It could also be said that Yeung still has no desire to sell off BCFC completely.

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