BEIJING ENT Subsidiary Secures 9.5 Billion Yuan Bank Loan
Stock News
Apr 24
An affiliate of BEIJING ENT has entered into a loan agreement with a bank. The agreement, signed on April 24, 2026, provides a credit facility of up to 9.5 billion yuan with a three-year term. The loan includes specific conditions related to the company's controlling shareholder. These stipulate that the shareholder must maintain at least a 40% direct or indirect equity stake with voting rights and no encumbrances, remain the single largest shareholder, and continue to be wholly owned, supervised, and controlled by the Beijing Municipal People's Government.
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