Asian Citrus Holdings Announces New Loan Deal

Asian Citrus Holdings (HK:0073) has released an update.

Asian Citrus Holdings Limited, through its indirect non wholly-owned subsidiary, has entered into a loan agreement for RMB 5 million with a joint venture company for developing an e-business platform. The six-month loan, commencing after 11 July 2024, carries a 4% annual interest rate. This transaction is classified as discloseable and connected under the Listing Rules, requiring reporting but exempt from shareholders’ approval due to its terms.

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