China Resources Gas Group Signs New Framework Loan Agreements with Group Companies
China Resources Gas Group Ltd. has entered into new Framework Loan Agreements for 2026, building upon previous arrangements from 2023. Under the new agreements, advances made to members of the China Resources Group will be guaranteed by China Resources Investment $(CRI)$, China Resources Holdings $(CRH)$, or a combination of CRH and a China Resources Group listed company, depending on the borrower. Notably, subsidiaries not wholly owned by CRI will pay a guarantee fee of 0.05% per annum on the loan amount, reflecting prevailing market rates. The agreements allow for early repayment with ten business days’ notice and require best endeavours from listed company shareholders to ensure prompt reimbursement to CRI in case of a default. The lending caps were determined through arm’s length negotiations, taking into account operational scale, historical transaction amounts, and projected cash flows.
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