Tang De plans to apply for a loan of no more than 500 million yuan from Zhejiang Yitong, the controlling shareholder
Tangde film and television announced that the company signed a "loan contract" with its controlling shareholder Zhejiang Yitong on November 20, 2020, intending to apply to Zhejiang Yitong for a loan of no more than 500 million yuan, which is used for capital turnover of the company's daily business activities, repayment of due debts, payment of interest, penalty interest and related expenses. The loan period is 12 months, and the interest rate is calculated at 4.75% annualized.
This text is a result of machine translation.
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