(Infocast News) YUEXIU PROPERTY(00123)said that on 16 December 2025, the Company (as borrower) entered into a facility agreement with a bank (“Lender”) pursuant to which a term loan facility of HK$500 million will be made available by the Lender for a maximum term of 18 months from the first drawdown date and subject to the terms and conditions of the Facility Agreement.
It was provided in the Facility Agreement that an event of default will occur if the direct or indirect shareholding of Yue Xiu Enterprises (Holdings) Limited (“Yue Xiu”), the controlling shareholder of the Company, in the issued voting shares of the Company falls to below 30%, or if Yue Xiu ceases to be the single largest beneficial shareholder of the Company, or if Yue Xiu ceases to have effective management control over the Company. Upon the occurrence of such event of default, the Lender may declare that all the indebtedness under the Facility Agreement has become immediately due and payable.
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