31 Mar 2009

Second instalment repaid to Dorchester investors

8:11 am on 31 March 2009

Dorchester Pacific Finance says it has paid its second instalment of money owed to its secured debenture holders under its repayment plan.

The amount repaid so far amounts to 25% of the total principal invested with the company.

It says a further 5% is due to be paid at the end of June.

Dorchester Pacific ran into trouble in the middle of last year, owing investors $172 million.