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698 Tongda group News Story

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Brief: Tongda Group as borrower enters agreement

Sept 25 (Reuters) - Tongda Group Holdings Ltd  0698.HK : 
    * Co as borrower, guarantors, HSBC as coordinator and agent, 
and other lenders entered into agreement 
    * Term loan facility agreement for up to a principal amount 
of HK$400 million, for a term of three years 
    * Under agreement, Wang Ya Nan  will cease to be chairman of 
company 
 
Source text for Eikon:  ID:nHKS818KcN  
Further company coverage:  0698.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

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