Minxin Group (00222) was granted a non-committed revolving credit line up to HK$100 million

According to Zhitong Finance App, Minxin Group (00222) issued an announcement. On August 30, 2024, the company signed a loan agreement with a bank (bank) as the lender. The bank agreed to provide the company with a non-committed revolving credit line (credit line) up to HK$100 million. The bank reserves the highest right to refuse to issue a loan at any time without prior notice. It may cancel the credit line at any time, and not allow further loan withdrawals under the credit line, announce the immediate maturity and repayment of all or any portion of the credit line along with accrued interest and all other accrued or unpaid amounts under the credit line, and announce that all or any part of the credit line shall be paid as required. Banks can immediately modify, terminate, cancel, cancel, or suspend credit lines at any time, or change the applicable terms of credit lines without the consent of any party and without being bound by any conditions.