TOKYO, Mar 13 (Pulse News Wire) – Beat Holdings Limited (9399.T) announced today that its board of directors approved extending its revolving credit facility agreement with former CEO Len Yi Han until March 30, 2027. The interest rate was revised from a compounded annual rate of 8% to 12%.
Key terms of the extended agreement include: - Maximum limit: HKD ¥200 million (¥4.044 billion) - Duration: One year - Interest rate: Compounded annually at __NUM_20__ No collateral or guarantees are required. The impact on the group's fiscal year ending December 2026 is expected to be minor. As of February 28, 2026, the current borrowing status based on the credit facility includes multiple transactions in Hong Kong dollars and Japanese yen.
Notably, a total of approximately HKD ¥18 million was borrowed in two separate installments on May 21 and May 23, 2025. Beat Holdings, established under Cayman Islands law, operates globally with headquarters in Hong Kong and subsidiaries across Japan, Singapore, Malaysia, Indonesia, China, and Canada. The company provides mobile messaging services and software products through GINSMS Inc., which is listed on the Toronto Venture Exchange (TSXV: GOK).
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