Arrail Group Ltd. (HK:6639) has released an update.
Arrail Group Limited has announced an extension of their loan agreement from 18 to 30 months, originally signed with Beier Holdings Limited, with added security pledged by a major shareholder. This move, secured by additional shares and offering a favorable interest rate, is deemed beneficial for the company’s income sources and is in line with shareholder interests. The transaction, while not part of the company’s ordinary business, complies with the necessary listing rules and does not require independent shareholder approval.
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