Yee Hop secures HK$50m credit facility

Yee Hop Holdings Limited has secured credit facilities of up to HK$50 million from a bank.

A key condition requires that Mr. Jim and Mr. Chui maintain at least 51% beneficial interest in the company. Currently, JJ1318 (wholly owned by Mr. Jim) holds approximately 40.25% of shares, while Mr. Chui holds approximately 29.75%.

The facilities have no fixed term and are subject to periodic review by the bank, which retains discretion to vary limits and demand repayment.

The borrowers are subsidiaries YH Engineering Company Limited and Yee Hop New Materials Holdings Limited.