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PegBio Co., Ltd. — Capital/Financing Update 2017
Dec 1, 2017
50676_rns_2017-12-01_5b4aa711-151d-4732-9e3a-fa853781c2f2.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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CMBC Capital Holdings Limited
(Incorporated in Bermuda with limited liability)
(Stock Code: 1141)
FURTHER ANNOUNCEMENT DISCLOSEABLE TRANSACTION IN RELATION TO PROVISION OF FINANCIAL ASSISTANCE
Reference is made to the announcement of CMBC Capital Holdings Limited (the “ Company ”) dated 16 November 2017 (the “ Announcement ”) concerning the provision of financial assistance under the Facility Agreement by CMBCCF, a wholly-owned subsidiary of the Company, to the Borrower. Unless otherwise defined, capitalised terms used in this announcement have the same meanings as defined in the Announcement.
In addition to the information provided in the Announcement, the Company would like to provide the Shareholders and potential investors of the Company with the following further information.
In deciding to grant the Loan to the Borrower, the Board has considered, among other things, the factors below:
1. Credit Rating of the Guarantor
The credit rating agencies, Fitch Ratings and S&P Global Ratings, have assigned a “BBB” rating with stable outlook to the Guarantor.
2. Net Consolidated Asset of the Guarantor
According to the audited consolidated financial results of the Guarantor prepared in accordance with Accounting Standards for Business Enterprises in China for the year ended 31 December 2016, the Guarantor has a consolidated net asset of not less than HK$15 billion.
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3. Previous Default by the Borrower and the Guarantor
To the best knowledge, information and belief of the Board and having made all reasonable enquiries, the Borrower (and the Guarantor) are new customers of the Company and do not have any previous default on any loans provided by the Company.
The above additional information does not affect other information contained in the Announcement.
By order of the Board CMBC Capital Holdings Limited Li Jinze Chairman
Hong Kong, 1 December 2017
As at the date of this announcement, the executive Directors are Mr. Li Jinze, Mr. Ding Zhisuo and Mr. Ng Hoi Kam, the non-executive Directors are Mr. Ren Hailong and Mr. Liao Zhaohui, and the independent non-executive Directors are Mr. Lee, Cheuk Yin Dannis, Mr. Wu Bin and Mr. Wang Lihua.
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