Trade Facility A
There were 1,462,880 shares issued at face value of $18,286,000 (or, $12.50 / share) with a drawdown maximum of 75%, or $13,714,500, as co-signor on behalf of Virgo (Shanghai), wherein Virgo is the party responsible to repay the principal and loan cost at maturity (3-years). No annual interest is incurred on outstanding principal; instead, upon repayment, the Facility Provider will return all collateral shares back to the Company with a one-time charge equivalent to the number of collateral shares multiplied by 20% of the (3-day average) prevailing market price of SIAF shares, at that time.
The last sentences means that Siaf gains on a low share price at repayment?
