Health and Happiness (H&H) International Holdings (HK:1112) has released an update.
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Health and Happiness (H&H) International Holdings has entered into a significant refinancing agreement, securing a combination of term loan and revolving credit facilities totaling $560 million. The funding is intended to repay existing debts, cover associated costs, and provide for general corporate purposes and working capital needs. The terms of the agreement include standard commercial conditions and contain a clause that could lead to immediate repayment if the controlling shareholder’s family ceases to hold the largest voting share.
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