Success Universe Renews Financial Backing for Pier 16 Amid Loan Extension

MT Newswires Live

Jul 29

Success Universe Group (HKG:0487) said it entered a revised loan agreement with Pier 16 - Property Development to renew and extend its financial support to the company, according to a Hong Kong bourse filing Monday.

Shares of the travel company fell over 1% in recent Tuesday trade.

Pier 16 - Property Development negotiated a one-year extension to a loan facility provided by Industrial and Commercial Bank of China (Macau), conditional upon the company entering into an amended agreement with Successive Universe which owns 49% of the business via its subsidiary World Fortune.

Success Universe said it agreed to guarantee up to HK$490 million of the loan facility. When combined with the HK$342 million the company has already lent to Pier 16, the firm said its total financial exposure to the facility stood at HK$839 million.

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When combined with the HK$342 million the company has already lent to Pier 16, the firm said its total financial exposure to the facility stood at HK$839 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1164","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2555618033","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555618033","pubTimestamp":1753775960,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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