DISCLOSEABLE TRANSACTION – RENEWAL OF REVOLVING LOAN FACILITYREVOLVING LOAN FACILITY : BUSINESS UPDATE
By Jayson Lai
The entering into of the Fifth Renewal Agreement constitutes a discloseable transaction for the Company. As the relevant applicable percentage ratios (as defined in the Listing Rules) for the Renewed Revolving Loan Facility exceed 5% but are less than 25%, the grant of the Renewed Revolving Loan Facility constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and is subject to the notification and announcement requirements under the Listing Rules but exempt from the shareholders’ approval requirement.