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亚太卫星(01045)附属为银行向亚太星联卫星提供的1.169亿美元贷款提供担保

Asia Pacific Satellite (01045) subsidiary guarantees the bank's loan of US$116.9 million to APSATO

Zhitong Finance ·  Mar 27 05:27

Asia Pacific Satellite (01045) issued an announcement. On March 20, 2024, Asia Pacific Communications and Bank, a wholly-owned subsidiary of the company...

Zhitong Finance App News, Asia Pacific Satellite (01045) announced that on March 20, 2024, Asia Pacific Communications and Bank, a wholly-owned subsidiary of the company, entered into a guarantee agreement to guarantee that the bank provided a buyer's credit loan with a principal amount of US$116.9 million (or RMB equivalent) to the joint venture Asia Pacific Starlink Satellite Co., Ltd. (APAC holds 20% of the shares).

According to the announcement, the purpose of the loan is to purchase and launch the Asia-Pacific 6E satellite. The bank requires each shareholder of the joint venture (including Asia Pacific Communications) to guarantee the proportion of shares in the joint venture on an individual basis. Asia Pacific Communications's liability is limited to the secured debt and is not liable for any guarantees provided by any other shareholder.

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