SE ASIA PPT (00252) Subsidiary Granted Term Credit Facility with Maximum Principal of HK$285 Million

Stock News
2025/08/20

SE ASIA PPT (00252) announced that on August 20, 2025, Wah Kwok Hotel Properties Limited (a subsidiary of the Company) as borrower, and the Company together with Wah Kwok Hotel Management Limited and Nam Sing Plastic Factory Limited (both subsidiaries of the Company) as guarantors, entered into a credit agreement with a bank as lender. Under this credit agreement, the lender has granted the borrower a term credit facility with a maximum principal amount of HK$285 million. The credit facility will be utilized to refinance the borrower's existing debt and provide funding for outstanding construction costs and professional fees related to the superstructure works of Wah Kwok Hotel located at 7 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong.

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