CC Land Secures HK$1.25 Billion Three-Year Loan; Default Triggers Tied to Chairman Cheung’s Control

Bulletin Express

Mar 25

CC Land Holdings Limited signed a facility agreement on 25 March 2026 for a HK$1.25 billion term loan with several financial institutions. The loan runs for 36 months from the utilization date.

Key covenant: an event of default occurs if Chairman and controlling shareholder Cheung Chung Kiu—currently deemed to hold 73.96 % of issued share capital—(i) ceases to be the single-largest shareholder, (ii) falls below a 35 % beneficial stake, or (iii) loses control of the company.

Upon any continuing default, lenders may cancel part or all outstanding commitments, demand immediate repayment of principal and accrued interest, or exercise all rights available under the facility and related security documents.

CC Land stated it will continue to meet disclosure obligations under the Hong Kong Listing Rules.

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The loan runs for 36 months from the utilization date.</p>\n<p>Key covenant: an event of default occurs if Chairman and controlling shareholder Cheung Chung Kiu—currently deemed to hold 73.96 % of issued share capital—(i) ceases to be the single-largest shareholder, (ii) falls below a 35 % beneficial stake, or (iii) loses control of the company.</p>\n<p>Upon any continuing default, lenders may cancel part or all outstanding commitments, demand immediate repayment of principal and accrued interest, or exercise all rights available under the facility and related security documents.</p>\n<p>CC Land stated it will continue to meet disclosure obligations under the Hong Kong Listing Rules.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01224","symbol_name":"中渝置地","start_time":0,"source_url":"","article_id":"1166597210","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166597210","pubTimestamp":1774431870,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"CC Land Holdings Limited signed a facility agreement on 25 March 2026 for a HK$1.25 billion term loan with several financial institutions. 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