Min Xin Holdings Secures HK$130 Million Revolving Loan Facility with Bank in New Agreement
Min Xin Holdings Limited has announced the establishment of a new corporate financing agreement, as disclosed in compliance with Rule 13.18 of the Listing Rules. On July 11, 2025, the company entered into a facility agreement with an undisclosed bank, securing an uncommitted revolving loan facility of up to HK$130,000,000. The facility is set to terminate 12 months after the acceptance date, though the bank holds the discretion to modify or cancel the terms at any time without prior notice. A crucial condition of the agreement mandates that Fujian Investment & Development Group Co., Ltd., the controlling shareholder, maintains at least a 50% stake in Min Xin Holdings Limited, ensuring management control. Breach of this condition could trigger an event of default, rendering all amounts due immediately payable.
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