Attached is a regular loan approved for a maximum of HK$1.015 billion for WANG ON PPT (01243).
Hong An Real Estate (01243) issued an announcement on March 10, 2025, stating that Sky Earth Li...
WANG ON PPT (01243) announced on March 10, 2025, that Sky Earth Limited, a wholly-owned indirect subsidiary of the company (the borrower), along with the company and Lucky Dynasty International Limited, another wholly-owned indirect subsidiary of the company, as guarantors, signed a loan agreement (the loan agreement) with multiple financial institutions, including BANKCOMM (Hong Kong) Limited, Chong Hing Bank Limited, Hang Seng Bank Limited, Bank of East Asia Limited, The Hongkong and Shanghai Banking Corporation Limited, and Dah Sing Bank Limited, Hong Kong Branch (a limited liability company established under the laws of the Republic of Singapore operating through its Hong Kong branch).
According to the loan agreement, the borrower was granted a term loan of up to HK$1.015 billion, for a period of 36 months.
The loan will be used by the group for full refinancing of the outstanding amount under a loan agreement signed on September 3, 2021, which was a term loan provided by multiple financial institutions with Hang Seng Bank Limited as the loan agent, and used for the general corporate purposes of the group.
The board of directors believes that the signing of the loan agreement is beneficial to the group as it provides additional financial resources for project development and strengthens the group's cash flow.
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