AustAsia Group Limited. (HK:2425) has released an update.
AustAsia Group Ltd. has announced a major financing move with a RMB440 million facility agreement through its subsidiary, Pure Source Dairy Farm Co., Ltd., aimed at refinancing existing debt and bolstering working capital. The agreement includes a two-year term with an extension option and events of default related to changes in the control of the Group. This financial arrangement is an essential part of the Group’s strategy, potentially affecting around US$513 million of loan facilities contingent on the controlling shareholders’ influence.
For further insights into HK:2425 stock, check out TipRanks’ Stock Analysis page.