MECOM Power's Subsidiary Secures Key Facility Letter with Tai Fung Bank

Reuters07-25

MECOM Power's Subsidiary Secures Key Facility Letter with Tai Fung Bank

MECOM Power and Construction Limited has announced developments regarding its indirect non-wholly owned subsidiary, established in the People's Republic of China. This subsidiary is involved in a joint venture, with MECOM owning a 60% stake and the remaining 40% held by a JV Partner. The subsidiary is engaged in construction activities and has recently entered into a facility agreement with Tai Fung Bank, a commercial bank in Macau, for financial support. The facility is backed by guarantees provided by MECOM and its JV Partner, ensuring the subsidiary's continued operations and financial stability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MECOM Power and Construction Ltd. published the original content used to generate this news brief on July 25, 2025, and is solely responsible for the information contained therein.

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