TIANGONG INT'L (00826) obtained a loan financing of HKD 78.2075 million from a licensed bank in Hong Kong.
Tiangong International (00826) announced that on October 21, 2025, the company (as the borrower) entered into a...
TIANGONG INT'L (00826) announced that on October 21, 2025, the company (as the borrower) entered into a dividend loan financing agreement with a licensed bank in Hong Kong for a total amount of HK$78,207,500. The financing agreement is an unsecured and interest-bearing loan with a term of one year.
According to the financing agreement, Mr. Zhu Xiaokun and Mr. Zhu Zefeng, the controlling shareholders of the company, must maintain direct or indirect beneficial ownership of not less than 45% of the company's share capital during the period when the financing is available. As of the date of this announcement, Mr. Zhu Xiaokun and Mr. Zhu Zefeng collectively beneficially own approximately 54.36% of the company's issued share capital.
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