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ASIA STANDARD Clarifies HKD760M Refinancing Approved by 5 Banks, In Talks with Remaining 1 Bank
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ASIA STANDARD (00129.HK) announced that it is aware of certain media reports that speculate that the ASI Group are facing hurdles in connection with the proposed refinancing of a HK$1.36 billion loan facility which is due to mature on 27 May 2026. ASIA ORIENT (00214.HK) and ASI Group wish to clarify that the principal amount to be refinanced upon maturity of the Facility is HK$760 million. The ASI Group has already obtained official approvals from 5 out of 6 banks under the proposed refinancing and is in discussion with the remaining one bank (for approximately 14% of the principal amount of the proposed refinancing) for its approval. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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