CISI Fin (06058) issued an announcement on the Zhitong Financial APP that on June 28, 2024, the company (as the borrower) has signed a financing letter with a bank (as the lender) to renew financing. Accordingly, the lender agreed to provide the company with a non-committed revolving loan financing with a maximum amount of HKD 300 million. The financing withdrawal period is valid from the date when the company formally signs the financing letter until July 31, 2024 (including that day) or a later date agreed by the lender.
According to the requirements of the financing letter, if the controlling shareholder, Industrial Securities Co., Ltd. (“Industrial Securities”), no longer owns (either directly or indirectly) at least 51% of the company's issued share capital and no longer maintains absolute control over the company, it shall constitute a default event.
As of the date of this announcement, Industrial Securities indirectly holds 2.264 billion equity interests in the company, accounting for approximately 56.6% of the company's issued share capital.