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FinoMark comment
FinoMark made a decision to enter into an agreement with UAB "Miesto Raida", granting short-term loans of up to 9 months to meet the current needs of the company. This loan is guaranteed by all joint-stock companies of Kaita Group companies, thereby distributing the risk among all shareholders. Such an arrangement helps ensure business continuity and stability between project phases until revenues are generated from ongoing projects or other sources, helping to maintain smooth project execution and financial stability.
Project description
UAB "Miesto raida" will direct the received funds to the financing of UAB "Kaita Group" projects. As Kaita Group focuses on real estate development and lease management, these funds will be used to ensure smooth project execution and efficient business continuity. The need for working capital is extremely important for several reasons:
1. Short-term financial obligations – covering expenses before receiving income.
2. Continuity of project implementation - a stable flow of funds allows for timely completion of works.
3. Operation of rental projects - maintenance and administrative expenses of rented objects.
This financing will ensure flexibility in managing the project portfolio and quick response to market changes.
Purpose of raising funds
For working capital
