Min Xin Holdings Limited (HK:0222) has released an update.
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Min Xin Holdings Limited has announced the securing of a HK$140 million unsecured and uncommitted revolving credit facility from its controlling shareholder, Vigour Fine Company Limited, for use as working capital or to repay existing debts. The facility, which will be available from September 2024 to August 2027, carries an interest rate pegged to the Hong Kong Interbank Offered Rate plus 1.6%. This transaction is exempt from shareholders’ approval and disclosure requirements under the Hong Kong Listing Rules due to its non-secured nature and adherence to commercial terms.
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