Termbray Industries International (Holdings) Limited (HK:0093) has released an update.
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Zero Fintech Group Limited, through its subsidiary X8 Finance, has entered into a major loan agreement with undisclosed borrowers that exceeds the 25% threshold of applicable percentage ratios, necessitating shareholder approval and regulatory compliance. Shareholders Lee & Leung (B.V.I.) and Earth Axis have already provided written consent, representing over 50% of voting rights, thus negating the need for a general meeting. The loan, amounting to HK$100 million, will also cover previous obligations and requires a circular with detailed financial information to be issued shortly.
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