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18/07/2018 09:43

Beijing Ent (00392) granted EUR350m term loan facility

[ET Net News Agency, 18 July 2018] Beijing Enterprises (00392) said it entered into a
term loan facility agreement with a bank for a term loan facility in the amount of EUR350
million for a term of 5 years.
Pursuant to the facility agreement, it shall be an event of default if Beijing
Enterprises Group (BE Group) ceases to beneficially own at least 50% of the issued share
capital of the company.
BE Group is deemed to be interested 61.96% of the total number of shares of the company
in issue. (SC)

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