Veeko Secures HK$350M Revolving Loan Facility

Veeko International Holdings Limited (HK:1173) has released an update.

Veeko International Holdings Limited has announced a voluntary financial boost, with its subsidiary Colourmix Cosmetics Company Limited securing a revolving loan facility of up to HK$350 million from connected persons, Mr. Cheng Chung Man, Johnny, and Ms. Lam Yuk Sum. This move, effective from June 3, 2024, for a two-year term, aims to enhance the company’s working capital and reduce loan interest expenses, signaling the lenders’ strong belief in the firm’s long-term growth.

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