Common Contracts
1 similar Connected Transaction Loan Agreement contracts
CONNECTED TRANSACTION LOAN AGREEMENTConnected Transaction Loan Agreement • June 27th, 2022
The Board announces that, on 27 January 2022, the Company as borrower entered into the Loan Agreement with the Lender, pursuant to which the Lender agreed to advance the Loan with a maximum principal amount of HK$10,000,000 to the Company for a term of two years from the respective Drawdown Dates at an interest rate of 10% per annum. Subject to the approval of the Independent Shareholders at the SGM, the Loan will be secured by the Share Charge to be executed by the Chargor and the Deed of Assignment to be executed by the Assignor, both in favour of the Lender, as continuing security for the repayment obligation of the Company under the Loan Agreement.
