Summary by Moomoo AI
Beijing Gas Blue Sky Holdings Limited (“Beijing Gas Blue Sky”) announced on January 3, 2024 that it has signed an uncommitted term loan financing agreement with a bank of up to RMB2 billion. The financing agreement provides that the loan must be repaid in full within 12 months of withdrawal or within another term agreed by the parties. Beijing Gas Blue Sky needs to ensure that the Beijing People's Government owns 100% of the shares of the North Holding Group, the Beige Group owns at least 40% of the Beijing Holding, the Beijing Holding owns at least 51% of the Beijing Gas Group, and the Beijing Gas Group has at least 51% of the shares of Beijing Gas Blue Sky. In case of violation of these conditions...Show More