SEACON (02409) Subsidiary to Receive Term Loan Facility of Up to US$42 Million
Stock News
Sep 23
SEACON (02409) announced that on September 23, 2025, an indirect wholly-owned subsidiary of the company, SG Xinde Investment (HK) Limited (as borrower), together with the company (as guarantor) and a bank (as lender), entered into a financing agreement. Under the agreement, the lender agrees to provide the borrower with a term loan facility of up to US$42 million, subject to the terms and conditions of the financing agreement. The repayment date for the financing is three years from the date of first drawdown, which may be extended to five years from the date of first drawdown upon mutual agreement between the parties.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.