HAITONG SEC (06837) announced that the company will enter into an agreement with the Bank Of Communications Singapore branch on December 25, 2024...
According to the announcement from HAITONG SEC (06837), the company signed a "Guarantee Agreement" with Bank Of Communications Singapore Branch on December 25, 2024, providing joint liability guarantee for an equivalent of 0.4 billion USD bank loan for its wholly-owned subsidiary, HAITONG INT'L Holdings Limited (hereinafter referred to as the guaranteed party). The loan term shall not exceed 3 years from the date of withdrawal. This loan will be used to replace the 0.67 billion USD Bonds that the company guaranteed, resulting in a reduction of 0.27 billion USD in the guarantee balance of the company for the guaranteed party and its subsidiaries.