GSH Corporation subsidiary secures CNH 90 million loan with change-of-control clauses

SGX Filings
Nov 28

GSH Corporation Limited said on Nov, 28 2025 that one of its subsidiaries has entered into a loan facility agreement for CNH 90 million.

The agreement stipulates that the lender may demand immediate repayment if there is a change of control in GSH Corporation or its relevant subsidiaries. Key triggers include any event where: • The combined stake of Dr. Sam Goi Seng Hui and his immediate family falls below 35 per cent of GSH Corporation’s issued share capital or they cease to be its largest shareholder; • GSH Corporation no longer directly owns 100 per cent of, or control over, the borrowing subsidiary; or • The borrowing subsidiary loses majority control (below 51 per cent) of GSH Properties (Chongqing) Co., Ltd.

GSH Corporation confirmed that, as of the announcement date, none of these conditions has been breached.

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