Common Contracts
1 similar Discloseable Transaction Supplemental Agreement contracts
DISCLOSEABLE TRANSACTION SUPPLEMENTAL AGREEMENT IN RELATION TO EXTENSION OF THE LOANDiscloseable Transaction Supplemental Agreement • April 18th, 2018
On 28 December 2017, a Loan Facility Agreement was entered into between the Lender, an indirect wholly-owned subsidiary of the Company, the Borrower and the arranger, pursuant to which the Lender agreed to provide the Borrower the Loan in an amount of HK$90 million for a period of three months. It was subsequently renewed on 27 March 2018 to extend the repayment date to 27 September 2018 with all other terms and provisions of the Loan Facility Agreement remained in full force and effect. On 27 September 2018, the parties entered into a Second Supplemental Agreement to the Loan Facility Agreement to further extend the repayment date to 27 March 2019 and change the interest rate on the Loan from 8% per annum to 9% per annum. Save as disclosed herein, all other terms and provisions of the Loan Facility Agreement shall remain in full force and effect. As a condition of the extension, all the interest of the Loan accrued up to 27 September 2018 under the Loan Facility Agreement has been rep
