Nov 21, 2021 04:08 PM (GMT+8) · EqualOcean
Cailian news agency, November 21 (Xinhua) -- Yuanli technology announced that in order to improve the use efficiency of its own funds and increase the company's benefits. The company plans to sign the entrusted loan loan contract and guarantee contract with Changle sub branch of Weifang Bank Co., Ltd., Changle Qicheng Trade Co., Ltd. (hereinafter referred to as "Qicheng trade") and Changle Baodu state owned Assets Investment Co., Ltd. The company entrusted Weifang bank to lend 100 million yuan to Qicheng trade, with an annual interest rate of 8.30%. This entrusted loan does not constitute a related party transaction and does not involve fund-raising. The entrusted loan will be used for capital turnover of daily business activities of Qicheng trade.