Australia Asia Group (02425) issued an announcement. The company signed a loan agreement with its executive director Yang Ku today. According to this, Yang...
According to Zhitong Finance App News, Australia and Asia Group (02425) announced that the company signed a loan agreement with its executive director Yang Ku today. According to this, Yang Ku will obtain an interest-bearing loan of RMB 6.5 million for a period of five years with interest rates calculated based on the Group's capital costs. The loan was provided due to Chinese income tax arising from the company's issuance of shares to certain grantees under its Performance Share Program on December 30, 2022; in the case of Yang Ku, the amount of relevant Chinese income tax was RMB 6.5 million.