Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in Bermuda with limited liability)
(Stock Code: 715)
ANNOUNCEMENT UNDER RULE 13.18 OF THE LISTING RULES
FACILITY AGREEMENT IMPOSING SPECIFIC
ON CONTROLLING SHAREHOLDER
This announcement is made by the Company pursuant to Rule 13.18 of the Listing Rules with respect to the US$135,000,000 (equivalent to approximately HK$1,048.6 million) Facility Agreement entered into between the Company and a licensed bank in the PRC on 22 January 2020 which contains, among other things, specific performance obligation on the Controlling Shareholder.
This announcement is made by the board (the "Board") of directors of China Oceanwide Holdings Limited (the "Company") in compliance with the requirement under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
On 22 January 2020, the Company entered into a facility agreement (the "Facility Agreement") with a licensed bank in the People's Republic of China (the "PRC") (the "Bank", as lender) relating to a US$135,000,000 (equivalent to approximately HK$1,048.6 million) facility (the "Facility"). The Facility has a term of two years. The purpose of the Facility is to repay the shareholder's loan owed to China Oceanwide Group Limited, an intermediate holding company of the Company.