IB Settlement Holdings Undertakes Major Counter-Guarantee

International Business Settlement Holdings Limited (HK:0147) has released an update.

International Business Settlement Holdings Limited has engaged in a financial transaction involving JV Co, Eyebright Medical, and HK Unicon, where HK Unicon provided a counter-guarantee with 34% equity interests in JV Co to secure a loan from Citic Fuzhou. This counter-guarantee is significant enough to be considered a discloseable transaction under the Hong Kong Listing Rules, requiring public disclosure and notification. No fees were charged by HK Unicon for this counter-guarantee, which remains effective until JV Co fulfills all loan repayment obligations.

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