Birmingham Sports Holdings Limited (HK:2309) has released an update.
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Birmingham Sports Holdings has doubled its Operating Loan Facility from GBP 50 million to GBP 100 million through a Deed of Amendment with SCL as the lender. The transaction, which is considered a connected transaction due to SCL’s stake in the company, has been approved by the board and independent directors as fair and in the interest of the company and its shareholders. This operational move is exempt from further shareholders’ approval requirements.
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