Yuexiu Transport Infrastructure (HKG:1052) agreed to borrow a loan of 50 million from a bank for a term of 364 days, a Tuesday Hong Kong bourse filing said.
Under the conditions of the loan, an event of default will occur if Yue Xiu Enterprises (Holdings), the controlling shareholder of the company, ceases to hold a minimum of 30% interest in the company, ceases to be the single largest shareholder of the company or loses management control over the company.
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