Glonghui November 23丨China Nuclear International (02302.HK) announced that on November 23, 2023, China Nuclear International Group Corporation (hereinafter referred to as the “borrower”), a direct wholly-owned subsidiary of the company, signed a general bank credit agreement with a banking institution (hereinafter referred to as the “bank”) as a borrower. Among other things, in order to purchase natural uranium products acceptable to banks or other bankable products, the amount does not exceed 30 million US dollars.
The loan is an uncommitted loan, and the bank can cancel the available commitments at any time. The use of a loan is subject to certain prerequisites, and banks can cancel available commitments at any time. The loan is subject to review by the bank on or before 12 months from the date the loan was issued or at such earlier time as the bank deems appropriate. Each withdrawal must be repaid within 180 days.