TERMBRAY IND (00093) announced that on April 19, 2024, it is a wholly-owned subsidiary of the company...
According to the Zhitong Finance App, TERMBRAY IND (00093) announced that on April 19, 2024, the company's wholly-owned subsidiary X8 Finance (as lender) entered into a new loan agreement with Gong Jiangming (as borrower). Based on this, X8 Finance agreed (among others) to provide a loan of HK$18.5 million to the borrower in accordance with the terms of the new loan agreement and the conditions set forth therein, with an annual interest rate of 12%, and payment must be made in installments over 240 months.
Prior to entering into a new loan agreement, X8 Finance (as lender) had entered into a past loan agreement to provide the borrower with a past loan of HK$20.5 million in principal.