EGL Holdings Secures Revised Banking Facilities with Major Hong Kong Bank, Including New Revolving Loan Agreement

Reuters
2025.09.26 08:37
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EGL Holdings Company Limited (Stock Code: 6882) has secured revised banking facilities with a major Hong Kong bank, including a new revolving loan agreement. The agreement, formalized on September 26, 2025, requires an average balance of HK$50 million in major operating accounts and mandates that key individuals retain at least 45% shareholding. The bank retains the right to demand repayment and alter the availability of the facilities. This announcement complies with Rule 13.18 of the Hong Kong Listing Rules.

EGL Holdings Announces Revised Banking Facilities Agreement EGL Holdings Company Limited (Stock Code: 6882) has announced that its wholly-owned subsidiary, EGL Tours Company Limited, along with the Company as guarantor, has accepted a revised offer from a bank for general banking facilities. The new agreement, formalized on 26 September 2025 under a revised facility letter, includes a revolving loan facility and other general banking services. Key conditions of the revised agreement require that major operating accounts maintained with the bank by EGL Holdings, its subsidiary, and Great Port Limited must collectively hold an average balance of no less than HK$50 million. In addition, certain key individuals and their families must retain at least 45% beneficial shareholding in the Group, and at least one of the named directors must remain in a leadership position to maintain management control. The banking facilities remain subject to the bank’s right to demand repayment at any time and its discretion to cancel, suspend, or determine the availability of the facilities. Evergloss Management Group Company Limited continues to hold approximately 60% of EGL Holdings’ issued shares. The announcement was made in compliance with Rule 13.18 of the Hong Kong Listing Rules. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EGL Holdings Co. Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here