Beijing Capital Grand Limited (HK:1329) has released an update.
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Beijing Capital Grand Limited has entered into Entrustment Guarantee Agreements with borrowers for loans from Construction Bank, with BCCDG providing a joint liability guarantee. In exchange, borrowers will pay a guarantee fee of 0.7% per annum on the total principal amount. These transactions are considered continuing connected transactions under stock exchange rules, subject to specific reporting and review requirements.
For further insights into HK:1329 stock, check out TipRanks’ Stock Analysis page.