China Merchants Port Holdings Grants USD19.6 Million Shareholder Loan to Terminal Link
Reuters
Oct 30
China Merchants Port Holdings Grants USD19.6 Million Shareholder Loan to Terminal Link
China Merchants Port Holdings Company Limited has announced a new shareholder loan facility agreement with Terminal Link SAS, a French company. Under the agreement, China Merchants Port will provide Terminal Link with a loan of USD 19.6 million (approximately HK$153 million) for a period of ten years at an interest rate of 8.25% per annum. The purpose of the loan is to enable Terminal Link to grant a shareholder loan to KFTL to fund its capital expenditure expansion. In connection with this transaction, CMA Terminals, a wholly-owned subsidiary of CMA CGM and majority shareholder of Terminal Link, will also provide a proportional shareholder loan facility of USD 20.4 million (approximately HK$159 million). The agreement is subject to shareholder approval in accordance with the relevant listing rules of the Shenzhen Stock Exchange.
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