REG - abrdn China Inv.Co. - Bank facility

abrdn China InvestmentAnnouncement

19/04/2022 16:30

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RNS Number : 6449I  abrdn China Investment Company Ltd.  19 April 2022

 

abrdn China Investment Company Limited (the "Company")

 

Legal Entity Identifier (LEI): 213800RIA1NX8DP4P938

 

19 April 2022

 

BANK FACILITY

 

The Board of abrdn China Investment Company Limited (the "Company") is pleased
to announce that the Company has entered into a £15 million unsecured
multicurrency revolving loan facility with Industrial and Commercial Bank of
China, London Branch ("the Lender") for a two year period.

 

The facility will be utilised for general working capital purposes and for the
acquisition of investments in accordance with the Company's investment policy.

 

Under the terms of the facility, the Company also has the option to increase
the level of the commitment from £15 million to £30 million at any time,
subject to the Lender's credit approval.

 

The facility has yet to be drawn.

 

 

For further details, please contact:

 

Evan Bruce-Gardyne              07720 073216

Aberdeen Standard Fund Managers Limited

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