A subsidiary of Yihe Holdings was granted a maximum financing line of HK$290 million by Bank of China Hong Kong

新浪港股 ·  Sep 7, 2023 20:09

Yihe Holdings (00838) announced that on September 7, 2023, Yihe Co., Ltd., an indirect wholly-owned subsidiary of the company, signed a financing agreement provided by Bank of China (Hong Kong) Limited (BOCHK) Limited (BOCHK) and dated August 25, 2023 (Bank of China Hong Kong Financing Agreement). According to the Bank of China Hong Kong financing agreement, BOCHK agreed to provide an additional long-term instalment loan (financing line) of up to HK$250 million to Yihe Limited. The final maturity date is 3 years from the date of initial loan withdrawal. Along with other current financing lines of BOCHK, including revolving loans of up to HK$40 million, the total amount of financing granted by BOCHK is HK$290 million.

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