BII Railway Secures HK$255M Loan from Major Shareholder

BII Railway Transportation Technology Holdings Co., Ltd. (HK:1522) has released an update.

BII Railway Transportation Technology Holdings Co., Ltd. has entered into a loan agreement with its significant shareholder, BII HK, for a HK$255 million loan, secured against a 30% share of Great Legend. The three-year loan, which carries an interest rate of one-month HIBOR plus 70 basis points up to a maximum of 6.5%, is a connected transaction due to BII HK’s substantial ownership stake. The deal is subject to the approval requirements of the Listing Rules due to its size relative to the company’s scale.

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