EGL Holdings Secures Revised Banking Facilities with Major Hong Kong Bank, Including New Revolving Loan Agreement

Reuters
Sep 26, 2025
EGL Holdings Secures Revised Banking Facilities with Major Hong Kong Bank, Including New Revolving Loan Agreement

**EGL Holdings Announces Revised Banking Facilities Agreement** EGL Holdings Company Limited (Stock Code: 6882) has announced that its wholly-owned subsidiary, EGL Tours Company Limited, along with the Company as guarantor, has accepted a revised offer from a bank for general banking facilities. The new agreement, formalized on 26 September 2025 under a revised facility letter, includes a revolving loan facility and other general banking services. Key conditions of the revised agreement require that major operating accounts maintained with the bank by EGL Holdings, its subsidiary, and Great Port Limited must collectively hold an average balance of no less than HK$50 million. In addition, certain key individuals and their families must retain at least 45% beneficial shareholding in the Group, and at least one of the named directors must remain in a leadership position to maintain management control. The banking facilities remain subject to the bank's right to demand repayment at any time and its discretion to cancel, suspend, or determine the availability of the facilities. Evergloss Management Group Company Limited continues to hold approximately 60% of EGL Holdings' issued shares. The announcement was made in compliance with Rule 13.18 of the Hong Kong Listing Rules.

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