Guotai Junan Secures HK$1.6 Billion in Facilities

Guotai Junan International Holdings Limited (HK:1788) has released an update.

Guotai Junan International Holdings Limited has entered into committed facility agreements totaling HK$1.6 billion with various banks, with a 12-month repayment period from each agreement’s date. An event of default would be triggered if their controlling shareholder, Guotai Junan Securities Co., Ltd., no longer holds or controls the majority shares, leading to potential immediate repayment demands. The company will provide ongoing disclosures in compliance with the Listing Rules as long as these obligations exist.

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