Nov 25, 2021 07:39 PM (GMT+8) · EqualOcean
Cailian news agency, November 25 - Jinhong group announced that the board of directors considered and adopted the proposal on the company's application for loans from China Merchants Bank and other financial institutions. The company plans to borrow no more than RMB 1.5 billion from China Merchants Bank and other financial institutions to repurchase the share of jinweige property held by Hangzhou financial investment, to acquire 90% equity of tianweiyou (Shanghai) Trading Co., Ltd. ("tianweiyou") or to replace the self raised funds paid in the early stage.