Annual Report - QuamIR

Report of the Directors (Continued)
Continuing Connected Transactions (Continued)
(ii) Guarantees to CRE and its subsidiaries (Continued)
a. The Guarantees (Continued)
As at 31 December 2011, the total
outstanding principal was RMB154
million (approximately HK$190.1
million); and the extent of the
Guarantee was for the same
amount.
(ii)
a.
154,000,000
190,100,000
Repayment and
: The loan is repayable by
maturity dates of
installments scheduled over the
loan facility
term of the loan as provided in the
facility agreement over the term of
the loan, with the final maturity date
falling on 27 February 2021.
(3) Date : 22 December 2008
(3)
Project company
:
(borrower)
(Hong Kong New Energy Si Zi
Wang Qi Wind Power Ltd.), which is
currently a wholly-owned subsidiary
of CRE.
Amount secured
: The Guarantee provided for this
project company was given in
favour of the bank to secure
repayment of all monies due from
the operating company to the bank
under the loan facility, including the
principals, interests accrued and
other losses, damages and monies
payable under the loan facility.
60 HKC (Holdings) Limited • Annual Report 2011