Future Bright Holdings Limited (703) Announces HK$20 Million Bank Guarantee Facility

Bulletin Express
Nov 07

Future Bright Holdings Limited (703) announced that on 7 November 2025, its indirect wholly owned subsidiary Bright Gain Restaurant Company Limited entered into a facility letter with Hang Seng Bank Limited, Macau Branch. The agreement provides a HK$20 million bank guarantee facility, which will be subject to review at any time and in any event by 31 July 2026.

According to the announcement, the facility is tied to a shareholding covenant requiring the controlling shareholder and associates to maintain at least a 37% equity interest in Future Bright Holdings Limited. Breach of this condition permits the lender to cancel the facility or accelerate repayment obligations. The arrangement also carries implications for other existing loans and credit arrangements with similar performance covenants, which totaled approximately HK$308.4 million as of 30 June 2025.

As of the date of the announcement, the controlling shareholder and associates held around 41.31% of the issued share capital. The company will continue to fulfill relevant disclosure obligations under Hong Kong listing rules for as long as this requirement remains in effect.

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