CR Construction Group Secures HKD100 Million Loan Facility from Bank for Daily Operations

Reuters
Jan 14
CR Construction Group Secures HKD100 Million Loan Facility from Bank for Daily Operations

CR Construction Group Holdings Ltd. announced that its wholly-owned subsidiary, CR Construction Company Limited, has entered into a facility agreement with a bank for a loan of up to HKD100 million to support daily business operations. The facility has a final repayment date of 11 July 2027. As part of the agreement, Zhejiang Construction Investment Group Co., Ltd. is required to remain the controlling shareholder of CR Construction Group Holdings Ltd. throughout the term of the facility. Any change in control without the lender’s prior written consent will trigger an event of default and require mandatory prepayment of the loan.

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