Chinney Investments, Limited (HK:0216) has released an update.
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Chinney Investments, Limited has announced that its subsidiary entered into a HK$537.5 million term loan agreement to refinance existing loans, with specific performance obligations tied to the company’s controlling shareholder, Dr. James Sai-Wing Wong. The agreement includes provisions that could trigger default if Wong or his family lose management control or cease to be the major shareholders. The company will disclose further details in its future interim and annual reports as required.
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