Beijing Capital Grand Limited (HK:1329) has released an update.
Beijing Capital Grand Limited has entered into an Entrustment Guarantee Agreement with its subsidiary Hefei Chuangju, mandating the payment of an annual 1% guarantee fee to its controlling shareholder BCCDG. This fee is calculated on the principal amount guaranteed by BCCDG for a loan Hefei Chuangju acquired from Industrial Bank. The transaction is significant enough to necessitate reporting and review under the Listing Rules, though it does not require independent shareholder approval.
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