China Sunshine Paper Subsidiary Grants RMB50 Million Loan to Qicheng Zhihui
Reuters
Nov 18
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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