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Article: Orchard cuts gearing, reduces debt.

Article from:
Australasian Business Intelligence
Article date:
February 15, 2009
Copyright

Byline: Matthew Cranston

Feb 15, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Orchard Funds Management will attempt to reduce debt by selling $A50 million of agricultural land from its Primary Infrastructure Fund. It is hoped that the four assets to be divested, which are located in Victoria, South Australia and New South Wales, could reap up to $A60 million. Orchard CEO, David Hinde, says the firm aims to ...

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