Lu_Xun,
Sorry, Lawrence and I had this discussion sometime ago and we slipped into an exclusionary discussion I am afraid. The following from APM's last filing:
<<Also included in total debt at July 4, 1998, was $49.3 million in Malaysian bank borrowings. All the Malaysian credit facilities are callable on demand, have no termination date and are guaranteed by the Company. Credit facilities with one bank, which have been in place since June 1990, are secured by the Company's real property holdings in Malaysia and include certain financial covenants and certain covenants which preclude the Company from granting liens and security interests in other assets in Malaysia. Credit facilities with four other banks, established in fiscal 1997, are unsecured. Additional borrowings available under all of the existing facilities were approximately $20.3 million at July 4, 1998. Should all or any significant portion of the Malaysian credit facilities become unavailable for any reason, the Company would need to pursue alternative financing sources. During the second quarter of fiscal 1998, one of the Company's Malaysian subsidiary credit facility agreements with a bank in Malaysia was cancelled by the bank due to non-use. >> |
