China Sunshine Paper Subsidiary Grants RMB50 Million Loan to Qicheng Zhihui
China Sunshine Paper Holdings Co. Ltd. announced that its subsidiary, Century Sunshine, has entered into a new entrusted loan agreement with Dongying Bank Co., Ltd., Shouguang Weifang Sub-branch, and Changle Qicheng Zhihui Technology Co., Ltd. Under the agreement, Century Sunshine will provide a loan of RMB 50 million to Qicheng Zhihui through the lending bank. The loan carries an interest rate of one-year LPR plus 395 basis points and has a term of one year. Interest payments are due monthly, with the principal to be repaid at the end of the loan period. This transaction is classified as a discloseable transaction under the Hong Kong Listing Rules.
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