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Linekong Interactive Group Co., Ltd. — Capital/Financing Update 2015
Jul 14, 2015
51356_rns_2015-07-14_582cfdaf-3b25-4fad-b713-19b027699287.pdf
Capital/Financing Update
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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.
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Linekong Interactive Group Co., Ltd. 藍港互動集團有限公司
(formerly known as Linekong Interactive Co., Ltd. 藍港互動有限公司)
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8267)
UPDATE ON GRANT OF LOAN TO FUZE ENTERTAINMENT
Reference is made to the announcement (the “ Announcement ”) of Linekong Interactive Group Co., Ltd. (the “ Company ”) dated July 7, 2015 in relation to the grant of loan to Fuze Entertainment Co., Ltd. (“ Fuze Entertainment ”). Capitalised terms shall have the same meanings as defined in the Announcement unless otherwise stated.
Pursuant to the Loan Agreement entered into between the Company as the Lender, and Fuze Entertainment as the Borrower, the Lender agreed to grant an unsecured loan in the amount of US$9,000,000 (or its equivalent in other currencies) to the Borrower for a period of 12 months from the date of advance of the Loan amount. As agreed between the Lender and the Borrower, the Loan will comprise US$4,500,000 and a sum of RMB equivalent to US$4,500,000.
The first instalment of the Loan (i.e. US$2,000,000) has been advanced to the Borrower’s designated account on the date of this announcement. The second instalment of the Loan, being US$2,500,000 and a sum of RMB equivalent to US$4,500,000 will be advanced to the Borrower’s designated account before July 31, 2015 pursuant to the Loan Agreement.
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The Borrower shall pay interest to the Lender on the Loan at the rate of 3% per annum for the part of Loan in US Dollars and 4.85% per annum for the part of Loan in RMB.
The Directors confirm that the proceeds raised from the listing of the Company have not been and will not be used for the purpose of the Loan.
By order of the Board Linekong Interactive Group Co., Ltd. WANG Feng Chairman
Beijing, PRC, July 14, 2015
As at the date of this announcement, the executive Directors are Mr. WANG Feng, Ms. LIAO Mingxiang, Mr. MEI Song and Mr. ZHAO Jun; the non-executive Director is Mr. QIAN Zhonghua; and the independent non-executive Directors are Mr. MA Ji, Mr. ZHANG Xiangdong, Mr. WANG Xiaodong and Ms. ZHAO Yifang.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the GEM website at www.hkgem.com on the “Latest Company Announcements” page for at least 7 days from the date of its posting. This announcement will also be published and remains on the Company’s website at www. linekong.com.
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