Min Xin Holdings Secures HK$130 Million Revolving Loan Facility with Bank in New Agreement

Reuters
2025/07/11
Min Xin Holdings Secures HK$130 Million Revolving Loan Facility with Bank in New Agreement

Min Xin Holdings Limited has announced the establishment of a new corporate financing agreement, as disclosed in compliance with Rule 13.18 of the Listing Rules. On July 11, 2025, the company entered into a facility agreement with an undisclosed bank, securing an uncommitted revolving loan facility of up to HK$130,000,000. The facility is set to terminate 12 months after the acceptance date, though the bank holds the discretion to modify or cancel the terms at any time without prior notice. A crucial condition of the agreement mandates that Fujian Investment & Development Group Co., Ltd., the controlling shareholder, maintains at least a 50% stake in Min Xin Holdings Limited, ensuring management control. Breach of this condition could trigger an event of default, rendering all amounts due immediately payable.

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. Min Xin Holdings Limited published the original content used to generate this news brief on July 11, 2025, and is solely responsible for the information contained therein.

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免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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