Pokfulam secures HK$100 million loan tied to Wong family control

Pokfulam Development Co. Ltd. ( (HK:0225) ) has shared an announcement.

Pokfulam Development Company Limited has disclosed that its wholly owned subsidiary Metrocenter Holdings Limited has entered into a HK$100 million term loan facility with The Hong Kong and Shanghai Banking Corporation, with Pokfulam acting as guarantor. The facility includes a change-of-control covenant tied to the Wong family’s aggregate beneficial ownership and management control of at least 51%, meaning the loan could be cancelled and become immediately repayable if this threshold is not maintained, and the company will provide ongoing disclosures under the Listing Rules.

The terms underscore the importance of the Wong family’s continued control to the company’s financing arrangements, highlighting lender sensitivity to ownership stability at Pokfulam. This condition may influence future corporate actions or shareholding changes, as any shift that weakens family control could trigger repayment obligations and affect the group’s liquidity and capital structure.

The most recent analyst rating on (HK:0225) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Pokfulam Development Co. Ltd. stock, see the HK:0225 Stock Forecast page.

More about Pokfulam Development Co. Ltd.

Pokfulam Development Company Limited is a Hong Kong-incorporated company listed on the Stock Exchange of Hong Kong. Through wholly owned subsidiaries such as Metrocenter Holdings Limited, it engages in property-related activities, supported by a board comprising executive and independent non-executive directors with long-standing family management involvement.

Average Trading Volume: 19,347

Technical Sentiment Signal: Hold

Current Market Cap: HK$639M

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