Top Form International Subsidiary Secures Up to US$3 Million Unsecured Loan Facility

Stock News

Sep 29

Top Form International (00333) has announced that on September 29, 2026, TFB entered into a facility agreement with Mr. Wong, a substantial shareholder of the company, under which Mr. Wong agreed to provide TFB with an unsecured loan facility of up to US$3 million (equivalent to approximately HK$23.31 million), with a term of 24 months from the date of the first drawdown.

TFB is a limited company incorporated in Hong Kong that is principally engaged in the manufacturing and trading of women's intimate apparel and is an indirectly wholly-owned subsidiary of the company.

After taking into account the group's current situation and short-term funding needs, the terms of the facility agreement, and prevailing market interest rate levels, the board of directors (excluding Mr. Wong Sung Chong, Mr. Wong Kai Chung, and Mr. Wong Kai Chi) considers that the facility agreement was entered into following arm's length negotiations and on normal commercial terms or better, is not secured by the group's assets, and is fair and reasonable and in the overall interests of the company and its shareholders.

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