Baiwang Signs Convertible Loan Deal with Baiwangyun

Baiwang Co., Ltd. Class H (HK:6657) has released an update.

Baiwang Co., Ltd. has entered into a Convertible Loan Agreement with Baiwangyun Overseas and Huanqiu Zhilian, offering a loan of RMB35 million at an 8% annual interest rate. The loan, convertible into equity if not repaid within a year, is part of a connected transaction under Hong Kong’s Listing Rules. This strategic move highlights Baiwang’s efforts to strengthen its financial ties and investment potential.

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