The Fiji Times » Group is debt free – Fiji Pine pays off $12m loan
Abishek Chand Fiji Pine factory. Picture: SUPPLIED THE Pine Group is now debt free after a lump sum payment of $2.2 million to fully settle the $12m loan taken from the Fijian Government back in the 90s. According to a statement from the company this was the first time it was debt free since it’s inception more than three decades ago. Board chairman Ratu Wiliame Katonivere said this was a great achievement and position to be in as the Pine Group had never been in this position before. “I am extremely proud of my management and employees through whose efforts we are at this position,” ...