Canvest Environmental Protection Group Co. Ltd. (HK:1381) has released an update.
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Canvest Environmental Protection Group Co. Ltd., a Cayman Islands-incorporated company listed under stock code 1381, has entered into a HK$350 million term loan agreement with a financial institution that includes stringent shareholding requirements for its Controlling Shareholders. The company’s Controlling Shareholders are obliged to maintain at least a 35% shareholding, with failure to do so triggering a mandatory prepayment event. This disclosure is in compliance with Rule 13.18 of the Hong Kong Listing Rules, and the company has pledged to provide ongoing details in future financial reports.
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