Brief: China Sandi Holdings says unit enters loan agreement
22/08/2016 10:49
Aug 22 (Reuters) - China Sandi Holdings Ltd 0910.HK : * 1) discloseable transaction - provision of financial assistance and (2) change in use of proceeds from rights issue 0910.HK * Says unit Fujian Sinco as lender, and Putian Sanfeng, as borrower, entered into the loan agreement * Fujian sinco has conditionally agreed to grant the loan to Putian Sanfeng for a term of 9 months * Loan agreement for principal amount of RMB140 million * Says the loan will be financed by the net proceeds * Company had raised net proceeds of approximately hk$323 million from the rights issue * Source text for Eikon ID:nHKS5jZdDk * ((Further company coverage: 0910.HK )) ((Bangalore.newsroom@thomsonreuters.com))
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