HKC INT'L HOLD Subsidiary Withdraws Surrender Value from Life Insurance Policy

Stock News

01/09

HKC International Holdings Limited (00248) announced that its indirectly wholly-owned subsidiary, Hong Kong Communications Limited, withdrew the surrender value from a life insurance policy on January 6, 2026. The surrender value was determined to be HK$6.585 million on January 8, 2026, and the full amount has been collected. The Board of Directors believes that withdrawing the life insurance policy's surrender value provides the Group with an opportunity to reduce a portion of its bank borrowings, lower its gearing ratio and related interest expenses, and increase its working capital. The Directors are of the view that the terms of the withdrawal are fair and reasonable, and in the overall interests of the Company and its shareholders.

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