J&T Global Express Limited (HK:1519) has released an update.
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J&T Global Express Limited has secured a substantial loan facility agreement through Winner Star and group guarantors, totaling approximately USD 674 million, HKD 1.36 billion, and RMB 2.87 billion. These funds, available for a term of 36 months, are earmarked for refinancing existing debts and general corporate use, with specific performance obligations tied to the controlling shareholder’s influence over the company. Should Mr. Li, the controlling shareholder, lose his voting control or ability to direct company policies, the facilities could be immediately canceled and debts called in with a short notice.
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