China Industrial Securities International renews $35m loan facility
China Industrial Securities International Financial Group Limited announced the renewal of an uncommitted revolving loan facility totaling US$35,000,000. The company, as borrower, entered into a new facility letter with a bank as lender on December 2, 2025, to renew a previous facility. This new facility has a termination date 12 months after its execution, subject to annual review by the lender. The renewal maintains the same aggregate amount as the facility previously announced on December 3, 2024.
A critical condition of the facility letter is that an event of default would occur if Industrial Securities Co., Ltd., the controlling shareholder, ceases to own at least 51% of the company’s issued share capital, either directly or indirectly. As of the announcement date, Industrial Securities indirectly holds 2,388,631,644 shares, representing approximately 59.72% of the company's issued share capital.
The company will continue to disclose this obligation in its subsequent interim and annual reports, adhering to Rule 13.21 of the Listing Rules, for as long as the obligation remains in effect. The board of directors, chaired by Mr. Xiong Bo, comprises one non-executive director, one executive director, and three independent non-executive directors.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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