London, UK (PRWEB UK) 11 December 2013
Krono Partners Plc (“Krono” or “Company”) today announces that a 12.88% yield from its November Micro Loan Program has been generated in cooperation with its local Joint Venture Partner. This is the second result published from the Company since it began issuing micro loans to property developers and small private companies in September this year.
The Company plans to use these proceeds to help finance its initial distressed asset program, expected to start in Q1 2014. Krono Partners MD Ivan Rosenschein commented in his monthly Newsletter to Bondholders, that its micro loan strategy will “remain aggressive” over the holiday period and into the opening months of next year and that the Company is injecting all immediate gains into December loans and those coming into fruition in the New Year.
The Company has also alerted its Bondholders to a large project it is entering into at the end of December with a major corporate brand that is entering into the property market in 2014. The details of this project are currently bound by a non-disclosure agreement, however, the Company should be able to publish further detail early in 2014.
Krono’s management team and advisors provide the necessary resources to unlock and fully realise the potential of Distressed Assets. The team comprises experienced industry professionals with years of relevant hands-on experience within the real estate sector. Krono specialises in the full spectrum of services necessary to support such Distressed Assets and enterprises. We provide operational management and legal support to optimise on-going business and provide the necessary know-how to manage the subsequent sale or liquidation of assets.
For more information about the Company, please visit http://www.kronopartners.com or contact Krono directly on:
Contact Number: +44 (0) 203 657 9190
Disclaimer – forward-looking statements
This Krono Partners Plc communication contains certain statements regarding future events that express the beliefs and expectations of management. Such statements are based on current expectations, estimates and forecasts on the part of company management and imply various known and unknown risks and uncertainties, which may result in actual earnings, the financial situation, growth or performance to be different from the estimates expressed or implied in the forward-looking statements. The information contained herein is not intended to act as advice or a solicitation for business and should not be construed as such.