Summary by Moomoo AI
Hua Run Land Limited (“Hua Run Land”) announced on 22 March 2024 that its subsidiary Dragon Rider Development Limited, as a borrower, with Huarun Land and the Huarun Group as guarantor, had entered into a fixed-term loan financing agreement with certain financial institutions. The maximum loan amount involved in the financing agreement is HK$64,6357 billion and the loan term is 12 months. Pursuant to the Agreement, if the Huayrun Group no longer has beneficial ownership of more than 55% of the Borrower, is no longer the single largest shareholder in the Huarun Land, no longer holds beneficial ownership of not less than 35% of the Huarun Land, or loses control of the Huarun Land, it will constitute a default event. Currently, the Huayrun Group...Show More