KPHL Managing Director, Wapu Sonk, said this during the signing of ‘Unit Application Forms’ by Beneficiary Group PDL 4- Gobe to exercise the vendor finance option to acquire Kroton Equity shares in the PNG LNG Project.
He said there were rumours and misconceptions that Kroton was mortgaged against the UBS Loan and that the States shares in Kroton, which some of the Beneficiary Groups have acquired through the Kroton Option, had a lot of liability. This is head was not true.
