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.
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