The Board of Jinhui Shipping and Transportation Limited (the 'Company') makes this supplemental announcement further to the Company's announcement dated20 April 2018 in relation to the Co-Investment in T3 Property. On31 January 2020 , the Co-Investor (a wholly-owned subsidiary of the Company) agreed and signed a supplemental memorandum with the Investment Manager, pursuant to which the Co-Investor agreed to provideUS$4,276,915 on or before4 February 2020 for acquiring 4,276,915 issued non-voting participating class A shares of Dual Bliss under the Co-Investment supplemental capital call as required under the memorandum. This Co-Investment Supplemental Capital Call is required for all shareholders of Dual Bliss and all other investors of the Co-Investment in T3 Property on a pro rata basis for the purpose of temporarily funding the unwinding of intercompany loan receivable/payable of the wholly-owned foreign-owned subsidiaries and onshore subsidiaries within the existing structure of the Co-Investment Vehicle by the special funding from this Co-Investment Supplemental Capital Call in order to obtain banking facilities under PRC regulations for the Co-Investment. The unwinding exercise is a condition precedent for the bank loan drawdown. For details, please refer to the attached. The announcement is also available on the website of the Company at www.jinhuiship.com. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).
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