China Industrial Securities International clinches CNY50.00 million revolving loan, with change-of-control default clause
Bulletin Express
Apr 30
China Industrial Securities International Financial Group Limited has signed a facility letter dated 30 April 2026 with an unnamed bank lender for an uncommitted revolving loan of up to CNY50.00 million (or equivalent in other currencies).
Under the agreement, an event of default will occur if Industrial Securities Co., Ltd.—the controlling shareholder—ceases to be the ultimate holding company of China Industrial Securities International.
Industrial Securities currently holds 2,425,705,644 shares in the borrower, equal to approximately 60.64 % of issued share capital.
The company will continue to disclose the status of this covenant in its interim and annual reports in accordance with Listing Rule 13.21.
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