MECOM Secures Major Bank Facilities, Ties to Management Continuity

MECOM Power & Construction Ltd. (HK:1183) has released an update.

MECOM Power & Construction Ltd. has entered into a Facility Agreement with Tai Fung Bank for significant credit facilities, including loans and bank guarantees, with an event of default triggered if key management, specifically Mr. Kuok or Mr. Sou, leave the company. The agreement is critical to the company’s financial strategy, and MECOM will provide ongoing disclosures in compliance with the Listing Rules. This development could have substantial implications for the company’s operations and stock performance.

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