Baiwang Co. Ltd. Grants RMB35 Million Convertible Loan to Baiwangyun Overseas

Reuters
Dec 03
<a href="https://laohu8.com/S/06657">Baiwang Co</a>. Ltd. Grants RMB35 Million Convertible Loan to Baiwangyun Overseas

Baiwang Co. Ltd. has announced progress regarding a connected transaction tied to a convertible loan agreement with Baiwangyun Overseas and Huanqiu Zhilian. Under the terms of the agreement, Baiwang Co. Ltd. has extended a convertible loan of RMB35.0 million (approximately HK$38.2 million) to Baiwangyun Overseas for a period of one year at an interest rate of 8% per annum. The loan is convertible into equity in Baiwangyun Overseas if the principal is not repaid upon maturity. The full principal amount was disbursed on November 20, 2024. This financing move supports Baiwang Co. Ltd.'s global expansion strategy and provides operational flexibility and funding for the early-stage development of its overseas business.

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. Baiwang Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251203-11942990), on December 03, 2025, and is solely responsible for the information contained therein.

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