Leoch International Secures RMB1 Billion Loan Facility Agreement with Financial Institutions

Reuters

2025/06/12

Leoch International Secures RMB1 Billion Loan Facility Agreement with Financial Institutions

Leoch International Technology Limited has announced that two of its subsidiaries have entered into a new loan facility agreement with various financial institutions. The agreement includes a revolving loan facility of up to RMB428 million (Facility A) and a term loan facility of up to RMB172 million (Facility B). The Company has provided a guarantee for these loans. The total commitment under the Facilities may be increased to a maximum of RMB1 billion, subject to the accession of any new lenders. The Facility Agreement requires Dr. Dong Li, the controlling shareholder of the Company, to maintain at least a 51% equity interest. A breach of this condition could trigger a default event, leading to potential loan cancellations and immediate repayment obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leoch International Technology Limited published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

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The agreement includes a revolving loan facility of up to RMB428 million (Facility A) and a term loan facility of up to RMB172 million (Facility B). The Company has provided a guarantee for these loans. The total commitment under the Facilities may be increased to a maximum of RMB1 billion, subject to the accession of any new lenders. The Facility Agreement requires Dr. Dong Li, the controlling shareholder of the Company, to maintain at least a 51% equity interest. A breach of this condition could trigger a default event, leading to potential loan cancellations and immediate repayment obligations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leoch International Technology Limited published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00842","symbol_name":"理士國際","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDL1fp3y9:1","article_id":"2542254841","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542254841","pubTimestamp":1749739831,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Leoch International Technology Limited has announced that two of its subsidiaries have entered into a new loan facility agreement with various financial institutions. The agreement includes a revolving loan facility of up to RMB428 million  and a term loan facility of up to RMB172 million . The Company has provided a guarantee for these loans. The total commitment under the Facilities may be increased to a maximum of RMB1 billion, subject to the accession of any new lenders. The Facility Agreement requires Dr. Dong Li, the controlling shareholder of the Company, to maintain at least a 51% equity interest. A breach of this condition could trigger a default event, leading to potential loan cancellations and immediate repayment obligations.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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The total commitment under the Facilities may be increased to a maximum of RMB1 billion, subject to the accession of any new lenders. The Facility Agreement requires Dr. Dong Li, the controlling shareholder of the Company, to maintain at least a 51% equity interest. A breach of this condition could trigger a default event, leading to potential loan cancellations and immediate repayment obligations.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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