Road King rumored to lose US$1500 syndicated loans

Adversely influenced by the arrest of chairman and vice-chairman of Wai Kee (0610) by ICAC, Road King (1098) ,49.99% owned by Wai Kee, lost   proposed US$1500 syndicated loans .  Road King originally planned to announce proposal of syndicated loans of US$1500 after the post of earnings on Wednesday, which would be used as refinancing loans.Although Road King was not involved in corruption, it would face a lot of unsteady factors for 49.99%  of  its stake was owned by Wai Kee and three of six who  were involved in the case were executive directors of Road King. Banking stance was negatively influenced by integrity problem of management team.

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