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Healthcare Aug 24, 2021 07:43 PM (GMT+8) · EqualOcean
According to the financial news agency, Nachuan Co., Ltd. received the supervision letter. Fujian Nachuan Pipe Technology Co., Ltd., a wholly-owned subsidiary of the company, lent 24 million yuan to Fujian Guangze Construction Engineering Co., Ltd., the construction contractor of the company's PPP project, on April 19, 2019. The loan period agreed in the agreement is until December 25, 2019, and the interest is calculated at the monthly interest rate of 1% from the date of expiration, The above borrowings and interests totaled 24.9561 million yuan and were recovered on May 21, 2020. The company failed to timely fulfill the review procedures and information disclosure obligations on the above financial assistance matters.

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