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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 717)

DISCLOSEABLE TRANSACTION

PROVISION OF LOAN FACILITY

On 13 March 2020, the Lender entered into the Loan Agreement with the Borrower in relation to the provision of the Loan Facility of up to HK$150,000,000 which is available for drawdown subject to terms of Loan Agreement and shall be repaid within 12 months from the date of the first drawdown.

The transaction contemplated thereunder constituted a discloseable transaction of the Company and is therefore subject to the announcement requirement but exempts from Shareholders' approval requirement under the Listing Rules.

The Board announces that on 13 March 2020, the Lender, an indirect wholly-owned subsidiary of the Company, entered into the Loan Agreement with the Borrower.

The Loan Agreement

Date

:

13 March 2020

Lender

:

Emperor Prestige Credit Limited, an indirect

wholly-owned subsidiary of the Company

Borrower

:

the Borrower under the Loan Agreement

Amount of Loan Facility

:

up to HK$150,000,000

Repayment

: within 12 months from the date of first drawdown

Interest

: 18% per annum, payable quarterly in arrears from the

date of first drawdown

* for identification purpose only

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The drawdown of the Loan Facility is subject to, inter alia, the satisfaction of credit assessment of the Borrower by the Lender. The Borrower is required to provide the Lender with securities as requested by the Lender as from time to time.

INFORMATION OF THE BORROWER

The Borrower is a merchant. To the best knowledge, information and belief of the Directors after having made all reasonable enquiries, the Borrower is an independent third party not connected with the Company or connected persons of the Company.

REASONS FOR ENTERING INTO THE LOAN AGREEMENT

The Company is an investment holding company and its subsidiaries are principally engaged in the provision of financial services, including (i) commercial and personal lending as well as margin and initial public offering financing; (ii) brokerage, wealth management and asset management; (iii) placing and underwriting services for listed issuers; and (iv) corporate finance advisory services.

The Lender is a registered money lender holding a valid money lenders licence under the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong) and is principally engaged in the business of money lending services. The Lender provides tailored professional wealth solutions to high net worth clients to meet their business needs, including short-term bridging loan services. The provision of the Loan Facility is a transaction carried out as part of the ordinary and usual course of business activities of the Group. The Loan Facility is funded by internal resources of the Group.

The terms of the Loan Agreement were negotiated on an arm's length basis between the Lender and the Borrower and were on normal commercial terms based on the Company's credit policy. Taking into account the results of the due diligence on the financial background and repayment ability of the Borrower, the expected stable interest income to be generated from the Loan Facility and the satisfactory payment records of the Borrower in the past, the Directors consider that the terms of the Loan Agreement are fair and reasonable and the entering into of the same is in the interests of the Company and its Shareholders as a whole.

IMPLICATIONS UNDER THE LISTING RULES

As the relevant percentage ratios (as defined under the Listing Rules) in respect of the amount of financial assistance granted to the Borrower within the period of 12 months immediately preceding and up to the date of the Loan Agreement exceed 5% but are under 25%, the transaction contemplated thereunder constitutes a discloseable transaction of the Company and is therefore subject to the announcement requirement but exempts from Shareholders' approval requirement under the Listing Rules.

DEFINITIONS

"Board"

board of Directors of the Company

"Borrower"

Luk Kee Yan, Kelvin, the borrower under the Loan Agreement,

being an independent third party to the Company

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"Company"

Emperor Capital Group Limited, an exempted company

incorporated in Bermuda with limited liability, the shares of

which are listed on the Stock Exchange

"connected person(s)"

has the meaning ascribed to it under the Listing Rules

"Directors"

the directors of the Company

"Group"

the Company and its subsidiaries

"HK$"

Hong Kong dollars, the lawful currency of Hong Kong

"Hong Kong"

Hong Kong Special Administrative Region of The People's

Republic of China

"Lender"

Emperor Prestige Credit Limited, a company incorporated in

Hong Kong with limited liability and an indirect wholly-owned

subsidiary of the Company

"Listing Rules"

the Rules Governing the Listing of Securities on the Stock

Exchange

"Loan Agreement"

the loan agreement dated 13 March 2020 entered into between

the Lender and the Borrower relating to the granting of the Loan

Facility

"Loan Facility"

the revolving loan facility in the amount of up to

HK$150,000,000 granted by the Lender to the Borrower

pursuant to the terms of the Loan Agreement

"percentage ratio(s)"

percentage ratio(s) as set out in Rule 14.07 of the Listing Rules

to be applied for determining the classification of a transaction

"Shareholders"

holders of the ordinary shares of HK$0.01 each in the issued

share capital of the Company

"Stock Exchange"

The Stock Exchange of Hong Kong Limited

"%"

per cent

By order of the Board of

Emperor Capital Group Limited

Daisy Yeung

Managing Director

Hong Kong, 13 March 2020

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As at the date of this announcement, the Board comprises:

Executive Directors:

Ms. Daisy Yeung

Ms. Choi Suk Hing, Louisa

Ms. Pearl Chan

Independent Non-Executive Directors:

Mr. Chu Kar Wing

Mr. Poon Yan Wai

Ms. Wan Choi Ha

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Emperor Capital Group Ltd. published this content on 13 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2020 11:52:04 UTC