Sun Hung Yip Engineering Construction Company Limited $(SHY)$, a subsidiary of MECOM Power and Construction Ltd., has entered into a facility agreement alongside EHY Construction and Engineering Company Limited. The agreement includes a revolving loan facility of up to HK$43 million and a bank overdraft facility of up to HK$10 million. It also includes a revolving commitment for the issuance of bank guarantees of up to HK$110 million. These facilities are available until July 11, 2026. SHY, established in Macau with limited liability, is indirectly wholly-owned by MECOM Power and Construction Ltd., which is listed on the Main Board of the Stock Exchange of Hong Kong.
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.