Class A share first order repurchase loan, China Merchants Shekou: Received 702 million yuan loan from China Merchants Bank to support share repurchase
2024-10-20 08:52:17
First share order repurchase loan China Merchants Shekou won China Merchants Bank 702 million yuan loandesk3cryptocurrencydesktopCrypto News
On October 20th, China Merchants Shekou announced that the company signed the "Cooperation Agreement" with China Merchants Bank Shenzhen Branch and obtained the "Loan Commitment Letter". According to the agreement, China Merchants Bank Shenzhen Branch will provide the company with a loan limit of not more than 702 million yuan for the company's stock repurchase project. The loan term is 12 months, the interest rate does not exceed 2.25%, and it is not higher than the market interest rate. This cooperation involves related party transactions and has been authorized by the company's shareholders' meeting. The signing of the agreement provides financing support for the company's share repurchase.
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