Tianci materials: it is proposed to apply to financial institutions for comprehensive credit line and project loan line totaling 1.49 billion yuan
According to the announcement of Tianci materials, the company held the 32nd meeting of the 5th board of directors on June 22, 2022, which reviewed and passed the proposal on the company and its wholly-owned subsidiary Jiujiang Tianci applying for a group credit line of no more than RMB 820million from HSBC, the proposal on the company applying for a comprehensive credit line of no more than RMB 300million from Guangdong Branch of China Development Bank Proposal on Yichang Tianci, a wholly-owned subsidiary, applying to Guangdong Branch of China Development Bank for a project loan line not exceeding 370million yuan.
This text is a result of machine translation.
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