Fu Shek Secures Overdraft Facility Amid Ownership Clause

Fu Shek Financial Holdings Limited (HK:2263) has released an update.

Fu Shek Financial Holdings Limited has announced that its subsidiary, Sinomax Securities, has secured an overdraft facility of up to HK$60,000,000 from a licensed bank, with an agreement that controlling shareholders maintain a majority stake. The facility is subject to regular reviews and can be modified or demanded for repayment at any time by the lender. This financial maneuver aims to maintain liquidity and operational flexibility for the company, while ensuring continued majority ownership by the controlling shareholders.

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