Zhonggan Communication (Group) Holdings Ltd. has announced a renewal of its bank facility agreement with the Bank of Communications Co., Ltd. Jiangxi Branch. The arrangement involves a principal amount of up to RMB260,000,000. This move, deemed a routine business operation, is expected to benefit the company and its shareholders. The terms are subject to approval by the bank. The facility is structured with third parties that are independent of Zhonggan Communication and its affiliates. The announcement was made voluntarily by the company's board of directors, highlighting the continued financial engagement with the Bank of Communications to support business operations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhonggan Communication (Group) Holdings Ltd. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.