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Gemini Investments (Holdings) Ltd Announces Voluntary Announcement Loan Agreement


Thursday, 15 Aug 2013 06:15am EDT 

Gemini Investments (Holdings) Ltd announced that the Company and Grand Beauty (as lender) entered into the Loan Agreement on August 15, 2013 pursuant to which Grand Beauty agreed to provide the Loan to the Company. The Loan may be drawn down wholly or partly by the Company at any time during the availability period provided that in respect of each drawdown, the Company shall give three business days’ prior written notice to the Lender and the aggregate amount of all drawdowns shall not exceed HKD1,000,000,000. The Loan will be repayable in full by the Company in a lump sum payment (together with all accrued interests) on the day falling 120 months from the date of the Loan Agreement. The provision of the Loan will strengthen the Group’s financial position and liquidity for the business development of the Group and will be used for its general corporate funding purposes (including, if considered appropriate, repayment of existing bank loans). 

Company Quote

1.16
0.01 +0.87%
16 Sep 2014