Guotai Junan International Clinches HK$1.30 Billion Revolving Facilities; Change-of-Control Clause Tied to Majority Shareholder

Bulletin Express

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Guotai Junan International Holdings Limited on 30 September 2026 signed a series of committed revolving facility agreements with several Hong Kong banks, securing aggregate borrowing capacity of up to HK$1.30 billion. Each facility carries a tenor of 12 months from its respective signing date.

A key covenant classifies any change in the parent-subsidiary relationship as an event of default. Specifically, default would be triggered if Guotai Haitong Securities Co., Ltd.—currently the controlling shareholder—ceases to be the single largest legal and beneficial owner or loses control of Guotai Junan International. In such circumstances, lenders may cancel commitments, demand immediate repayment of principal and accrued interest, or place outstanding loans on demand.

As of the announcement date, Guotai Haitong Securities Co., Ltd. holds 7.04 billion shares in Guotai Junan International, translating into a 73.92% equity stake.

Pursuant to Hong Kong Listing Rule 13.21, the company will continue to disclose the status of these covenants in forthcoming interim and annual reports for as long as the obligations remain in force.

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