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易大宗(01733)附属海南富多达获提供本金不超1亿元的授信额度

Hainan Fuduoda, a subsidiary of Yi Dazong (01733), was provided a credit line with a principal amount not exceeding 100 million yuan

Zhitong Finance ·  Mar 28 08:49

Yi Dazong (01733) issued an announcement. Recently, Hainan Fuduoda Supply Chain Management Co., Ltd., a wholly-owned subsidiary of the company (...

According to Zhitong Finance App, Yi Dazong (01733) announced that recently Hainan Fuduoda Supply Chain Management Co., Ltd. (Hainan Fuduoda), a wholly-owned subsidiary of the company, signed a comprehensive credit line contract with Haikou Rural Commercial Bank Co., Ltd. World Trade Branch (the bank). The bank agreed to provide Hainan Fuduoda with a principal amount of not more than RMB 100 million (this credit) for a period of one year from March 8, 2024 to March 8, 2025. The credit shall be used by Hainan Fuduoda to issue a letter of credit to apply for import remittance guarantees and carry out other activities in the course of daily business. Since the bank provided this credit to Hainan Fuduoda, the company and the two companies' wholly-owned subsidiaries Inner Mongolia Haotong Energy Co., Ltd. and Hainan Haotong Supply Chain Management Co., Ltd. each agreed to provide corporate guarantees to the bank to ensure that Hainan Fuduoda fulfils its obligations under the comprehensive credit contract.

The board of directors believes that the comprehensive credit agreement provides additional funding channels to provide Hainan Fudoda's business operations to enhance its cash flow, which is beneficial to the Group.

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