Beijing Capital Grand Limited (HK:1329) has released an update.
Beijing Capital Grand Limited, through its subsidiary Xi’an Xinkai, has entered into a significant Entrustment Guarantee Agreement with its controlling shareholder Capital Group. This arrangement, involving a guarantee fee of 0.7% per annum on the total principal guaranteed, enhances the financial flexibility for the development of the Xi’an First City Project. Despite its connected nature, the transaction complies with Listing Rules and requires no independent shareholder approval.
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