Beijing Gas Blue Sky Holdings Ltd (HK:6828) has released an update.
Beijing Gas Blue Sky Holdings Ltd has announced the acceptance of a revolving loan facility from a bank, capped at HK$400 million, with a one-year drawdown period. The facility’s terms require the company’s controlling shareholder, Beijing Gas Group, to maintain at least a 51% stake and the State-owned Assets Supervision and Administration Commission to remain the largest shareholder of Beijing Enterprises Group. Failure to comply with these terms could lead to the facility’s termination and immediate debt repayment.
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