Cinda International Holdings Limited has announced the establishment of a new revolving loan facility agreement with a licensed bank in China, effective 19 June 2025. The agreement provides Cinda International with access to up to US$13,500,000 or its equivalent in Hong Kong dollars or Renminbi. This facility is set to mature one year from the first drawdown date. As part of the agreement, specific performance obligations require that China Cinda Asset Management Co., Ltd. and Cinda Securities Co., Ltd. maintain their controlling position over Cinda International. Failure to adhere to these obligations could result in the bank adjusting, canceling, or terminating the commitments under the agreement, with the potential for the loan to be declared immediately due and payable.
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