Apex Ace Holding Secures New Revolving Trade Loan Facility

Reuters

Jan 19

Apex Ace Holding Secures New Revolving Trade Loan Facility

Apex Ace Holding Ltd. has announced supplemental details regarding a corporate loan arrangement, disclosing that the company has entered into a revolving trade loan facility. As part of the terms stipulated in the facility letter, Apex Ace has subscribed to a key man insurance policy. The maximum monetary benefit from the policy, totaling approximately USD$20.41 million (HK$159.2 million) at the end of the 28th policy year, will not fully cover potential losses if the facility is fully utilized. The company emphasized that the insurance subscription is primarily a requirement of the loan facility rather than a measure to insure against loss. All other terms of the previously announced agreement remain unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apex Ace Holding Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260119-11994926), on January 19, 2026, and is solely responsible for the information contained therein.

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.

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As part of the terms stipulated in the facility letter, Apex Ace has subscribed to a key man insurance policy. The maximum monetary benefit from the policy, totaling approximately USD$20.41 million (HK$159.2 million) at the end of the 28th policy year, will not fully cover potential losses if the facility is fully utilized. The company emphasized that the insurance subscription is primarily a requirement of the loan facility rather than a measure to insure against loss. All other terms of the previously announced agreement remain unchanged.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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As part of the terms stipulated in the facility letter, Apex Ace has subscribed to a key man insurance policy. The maximum monetary benefit from the policy, totaling approximately USD$20.41 million  at the end of the 28th policy year, will not fully cover potential losses if the facility is fully utilized. The company emphasized that the insurance subscription is primarily a requirement of the loan facility rather than a measure to insure against loss. All other terms of the previously announced agreement remain unchanged.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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