Xingda International Holdings Grants HK$110 Million Loan to Controlling Shareholder

Reuters2025-11-13

Xingda International Holdings Grants HK$110 Million Loan to Controlling Shareholder

Xingda International Holdings Limited has entered into a connected transaction loan agreement with its controlling shareholder. Under the agreement signed on 13 November 2025, Xingda will provide a loan of HK$110 million to the borrower at an annual interest rate of 8% for a term of one year from the date of drawdown. The borrower, holding approximately 64% of Xingda's issued share capital, is considered a connected person under Hong Kong Listing Rules. The terms of the loan were determined after arm's length negotiations and are deemed fair and reasonable, in the interests of the company and its shareholders as a whole. Directors with potential conflicts of interest abstained from voting on the relevant board resolutions.

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. Xingda International Holdings Limited published the original content used to generate this news brief on November 13, 2025, and is solely responsible for the information contained therein.

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