Brief: Hydoo International Holding says Co and units entered into facility agreement

Greater Bay Area AI Computingtech

23/11/2016 12:26

Nov 23 (Reuters) - Hydoo International Holding Ltd 
 1396.HK : 
    * Company as borrower and ten subsidiaries of company as 
guarantors entered into a facility agreement 
    * Pursuant to facility agreement, it shall be event of 
default if, Wang Jianli ceases to be Chairman  
    * Agreement with Nanyang Commercial Bank, Limited in 
relation to a term loan facility of up to RMB150 million 
    * Facility agreement stipulates that co shall repay each 
outstanding loan on date falling twelve months from date on 
which loan was made 
 
Source text for Eikon:  ID:nHKS6FBxxK  
Further company coverage:  1396.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))