Subsidiary, Guangdong Ji Duo Bao Can Making Co.,
Ltd signed a syndicated loan agreement
Date of events
2022/01/26
To which item it meets
paragraph 10
Statement
1.Date of occurrence of the event:2022/01/26
2.Counterparty to the contract or commitment:
CTBC Bank Co., Ltd and other participating banks
3.Relationship with the Company: None
4.Starting and ending dates (or rescission date) of the
contract or commitment:5 years from the initial drawdown date
5.Major content (not applicable where rescinded):
Total amount of USD 35 million for the syndicated loan contract
6.Restrictive covenants (not applicable where rescinded):
Subject to the terms and conditions of the contract
7.Commitment (not applicable where rescinded):
Subject to the terms and conditions of the contract
8.Any other important agreement (not applicable where rescinded):
Subject to the terms and conditions of the contract
9.Effect on company finances and business:
In response to capital expenditures, repayment of existing financial
borrowings and enrichment of operating working capital
10.Concrete purpose/objective:In response to the capital expenditure of
Guangdong Ji Duo Bao Can Making Co., Ltd to set up the second production
line equipment, repay the existing loan and enrich the operating working
capital
11.Any other matters that need to be specified:None
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Disclaimer
Jiyuan Packaging Holdings Ltd. published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 06:55:06 UTC.
Jiyuan Packaging Holdings Limited is located in Cayman Islands and is a manufacturer of metal wrappers. The Company operates two business segments, the Iron Can segment and the Aluminum Can segment. Its main products include three panel tins, tin bottoms, as well as two pieces aluminum cans, among others. The Company introduced equipment from Europe, America and Japan, and manufactures in Fujian, Hubei, Anhui, Guangdong, Sichuan and others.
JIYUAN PACKAGING HOLDINGS LIMITED 