Delin Holdings (01709) announced that on April 12, 2024 (after the trading session), the company (as a guarantee...
Zhitong Finance App News, Delin Holdings (01709) announced that on April 12, 2024 (after the transaction period), the company (as a guarantor), each of these borrowers entered into such guarantee agreements with the lender. According to this, the company has irrevocably and unconditionally agreed to provide a maximum total guarantee of HK$180 million in respect of such borrowers' liability in connection with the loan financing involving the lenders providing such borrowers with a total principal amount of up to HK$150 million. As compensation for the company providing the DLH guarantee, the company will charge a guarantee fee in accordance with the guarantee fee agreement. The fee rate for the first year is 1% of the maximum guarantee amount under the DLH guarantee, and 0.5% of the maximum guarantee amount for the following year.
According to reports, these borrowers are investment instruments wholly owned by the fund (limited partnership fund managed by the group), and each of these borrowers is a buyer of each floor of such property. These properties include the top five floors and the roof area of the newly completed development “92 Wellington Street” (92 Wellington Street) (DLTower), a new commercial complex located in the central area of Hong Kong, which will be named “DLTower” (DLTower) after acquisition).