Min Xin Holdings Limited (HK:0222) has released an update.
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Min Xin Holdings Limited has announced compliance with the Hong Kong Stock Exchange’s disclosure requirements after securing an uncommitted revolving loan facility of up to HK$100,000,000 from a bank, with the right to modify or cancel the loan terms unilaterally. The agreement is contingent upon Fujian Investment & Development Group Co., Ltd., its controlling shareholder, maintaining at least a 50% stake and management control of the company. Any breach of these terms will result in immediate repayment obligations.
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