Yidu Tech (HKG:2158) disclosed a $65 million collateralized loan with Goldman Sachs after acknowledging it had not announced the transaction promptly, according to an Oct. 9 Hong Kong bourse filing.
The four-month loan carried an annual interest rate of 4.81%. Yidu Tech said it had received the full principal and interest payments.
The company said the transaction was intended to manage surplus cash and generate returns while maintaining liquidity and controlling risk
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