Kasen International Holdings Ltd. (HK:0496) has released an update.
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Kasen International Holdings Ltd. has announced a supplemental agreement to its 2024 HHD Master Agreement, reducing the guarantee amount for Haining Home Direct from RMB370 million to RMB325 million. Hero Time has also agreed not to increase Haining Home Direct’s total bank loans beyond the guaranteed bank facilities without the company’s consent. These changes aim to manage financial risks while maintaining the agreement’s overall structure.
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