Interested Person Transaction::THE PROPOSED RMB150 MILLION REVOLVING LOAN FACILITY TO HANGZHOU GANGLIAN REAL ESTATE COMPANY LIMITED

Issuer & Securities

Issuer/ Manager
PAN HONG HOLDINGS GROUP LIMITED
Securities
PAN HONG HOLDINGS GROUP LTD - BMG6900A1163 - P36
Stapled Security
No

Announcement Details

Announcement Title
Interested Person Transaction
Date &Time of Broadcast
10-Jan-2020 18:29:45
Status
New
Announcement Sub Title
THE PROPOSED RMB150 MILLION REVOLVING LOAN FACILITY TO HANGZHOU GANGLIAN REAL ESTATE COMPANY LIMITED
Announcement Reference
SG200110OTHREMB9
Submitted By (Co./ Ind. Name)
Wong Lam Ping
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Interested Person Details
Hangzhou Ganglian Real Estate Company Limited (the "Borrower"), which is a Company incorporated in the People's Republic of China and primarily engaged in the business of real estate development, is a subsidiary of Sino Harbour Holdings Group Limited ("Sino Harbour"). Mr. Wong Lam Ping, a Director and Executive Chairman of the Company, is directly and deemed interested in approximately 48.25% of the shareholding interests in Sino Harbour.

Mr. Wong Lam Ping is also directly and deemed interested in approximately 64.11% of the shareholding interests in the Company. Accordingly, the Borrower is deemed to be an interested person for the purposes of Chapter 9 of the Listing Manual of the Singapore Exchange Securities Trading Limited.

Attachments