Wai Kee Holdings Secures HK$570 Million Loan Facility with Conditions

Wai Kee Holdings Limited ( (HK:0610) ) has shared an announcement.

Wai Kee Holdings Limited, through its wholly-owned subsidiary Trend Pacific Limited, has entered into a HK$570 million term loan facility agreement with a syndicate of five independent banks in Hong Kong. The agreement includes provisions that could lead to the cancellation of undrawn commitments or acceleration of loan repayments if certain conditions regarding the company’s executive directors and major shareholders are not met. Currently, the major shareholders, Mr. William Zen Wei Pao and Mr. Derek Zen Wei Peu, hold a 63.25% beneficial shareholding interest in the company.

More about Wai Kee Holdings Limited

YTD Price Performance: -11.11%

Average Trading Volume: 137,198

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$523.5M

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