Beijing Capital Grand Limited (HK:1329) has released an update.
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Beijing Capital Grand Limited has entered into an Entrustment Guarantee Agreement involving a joint liability guarantee with BCCDG for a loan provided by Minsheng Bank to Fangshan Project Company. Under this agreement, Fangshan Project Company will pay a guarantee fee calculated at 0.7% per annum of the total principal amount. This transaction, categorized as a continuing connected transaction, requires reporting and annual review but is exempt from circular and independent shareholders’ approval.
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