YUEXIUTRANSPORT (01052) Secures 450 Million Yuan Revolving Loan Facility

Stock News01-23

On January 23, 2026, YUEXIUTRANSPORT (01052) announced that the company, acting as the borrower, entered into a financing agreement with a bank, the lender. Under this agreement, the lender will provide a revolving loan facility of RMB 450 million. The loan term is 364 days from the date of the financing agreement, subject to its specific terms and conditions. The financing agreement stipulates that a default event will occur if the company's controlling shareholder, Yuexiu Enterprises (Group) Limited, ceases to be the company's single largest beneficial owner. A default is also triggered if Yuexiu Enterprises fails to maintain a direct or indirect interest of no less than 30% of the company's issued share capital with voting rights, or if it ceases to exercise management control over the company. Should such a default event occur, the lender may declare all liabilities under the financing agreement immediately due and payable. As of the date of this announcement, Yuexiu Enterprises beneficially owns approximately 44.2% of the company's total issued shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment