Shandong Gold Mining's (SHA:600547, HKG:1787) controlling shareholder, Shandong Gold Group, will obtain a loan facility of up to 900 million yuan to boost its holding of A shares in the company, a late July 18 Hong Kong bourse filing said.
Shares of the miner were up over 3% in Monday afternoon trading.
The loan will be granted by the Shandong Branch of Industrial and Commercial Bank of China (HKG:1398, SHA:601398) for a term of up to three years.
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