Lippo Limited, a Hong Kong-based company, announced that it has secured a new facility agreement with a bank for a loan facility of up to HK$105,000,000. The agreement, signed on May 20, 2025, provides the company with an 18-month term loan. Under the terms of the agreement, Lippo Limited and its intermediate holding company, Lippo Capital Limited, are required to jointly own and control at least 55% of the entire issued share capital of their subsidiaries, Lippo China Resources Limited and Hongkong Chinese Limited. Furthermore, they must remain the single largest shareholders of these entities, both listed on the main board of the Stock Exchange. The company has committed to using proceeds from any disposal of shares in its subsidiary to repay the loan. The agreement also requires Lippo Capital Limited to maintain a specific ownership structure and refrain from creating securities over its assets, with specific exceptions. The company will provide ongoing disclosures in compliance with listing rules as long as these obligations remain.
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