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高山企业(00616):城中国际及明润投资订立循环贷款协议

Alpine Enterprises (00616): Chengzhong International and Mingrun Investment enter into a revolving loan agreement

Zhitong Finance ·  Aug 29, 2023 06:37

Zhitong Financial APP News, Gaoshan Enterprise (00616) and Yongyi International (01218) jointly announced that on August 29, 2023 (after the trading session), the lender CityCity International Limited (an indirect wholly-owned subsidiary of Gaoshan) and the borrower Mingrun Investment Limited (an indirect wholly-owned subsidiary of Yongyi) entered into a revolving loan agreement. Accordingly, among other things, the lender has conditionally agreed to grant the borrower a revolving loan with a principal amount of up to HK $80 million for a period of two years from the effective date, in accordance with its terms and conditions, the purpose is to provide funds for the property development projects of Yongyi Group and for general corporate purposes.

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