Brief: Huscoke Says Co And Cinda Hk Entered Into Supplemental Facility Agreement

Huscoke Holdings

14/08/2023 16:26

Aug 14 (Reuters) - Huscoke Holdings Ltd  0704.HK :
    * CO AND CINDA HK ENTERED INTO SUPPLEMENTAL FACILITY
AGREEMENT
    * IN DEAL, BOTH PARTIES AGREED ON PREMISE THAT COMPANY
REPAYS AT
LEAST HK$150 MILLION ON OR BEFORE 31 AUGUST
    * CINDA HK COMMITS THAT IT WILL NOT TAKE LEGAL ACTION
AGAINST CO
WITHIN FINANCIAL YEAR 2023/24 OF COMPANY IN RESPECT OF FACILITY
    * IF CO REPAYS, CINDA HK WILL WAIVE ALL RELEVANT INTERESTS &
PENALTIES ACCRUED FROM REPAYMENT DATE TO DATE OF FULL REPAYMENT
OF FACILITY


Further company coverage:  0704.HK 

 ((Reuters.Briefs@thomsonreuters.com;))