SY Holdings Group Amends Financial Assistance Agreement with Ocean Holdings
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SY Holdings Group Ltd. has amended its financial assistance agreement with Ocean Holdings, effective until December 31, 2027. SY Factoring, a subsidiary, will provide unsecured counter guarantees and joint guarantees to Ocean Holdings, aligned with Qingdao Sunful’s shareholding. These arrangements aim to support business expansion and enhance shareholder returns, with no fees charged. The transaction is classified as discloseable under Hong Kong Stock Exchange rules.
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