Asian Citrus Holdings Extends Loan Agreement with Increased Interest Rate

Asian Citrus Holdings ( (HK:0073) ) has shared an announcement.

Asian Citrus Holdings Limited has announced an extension to a loan agreement involving its subsidiary, Shenzhen City Jiu Yuan Wan Jiang Huitu Technology Limited, and Qichun Aimu Technology Company Limited. The maturity date of the loan has been extended to December 31, 2025, with an increased interest rate of 5% per annum. This transaction is classified as both a discloseable and connected transaction under the Hong Kong Listing Rules, due to the involvement of Hangzhou Leshu Digital Technology Co., Ltd., which holds a 49% equity stake in the borrower. The agreement is expected to have implications for the company’s financial arrangements and stakeholder interests, although it is exempt from certain regulatory requirements due to its fair and reasonable terms.

More about Asian Citrus Holdings

Asian Citrus Holdings Limited is a company incorporated in Bermuda, operating primarily in the agricultural sector. The company, along with its subsidiaries, is involved in the production and distribution of citrus fruits, with a market focus on leveraging its agricultural expertise to expand its operations.

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.49M

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