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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.