Beijing Enterprises Subsidiary Secures Multimillion Loan

Beijing Enterprises Water Group (HK:0371) has released an update.

Beijing Enterprises Water Group’s wholly-owned subsidiary, Zaozhuang Beikong, has entered into a loan agreement with BG Finance for a principal amount of RMB48,000,000, secured by a pledge agreement. The transactions are deemed connected under the Listing Rules due to shared controlling shareholders and are subject to reporting requirements, but are exempt from needing a circular or shareholder approval. This financial move, which involves agreements reached within a 12-month period, falls between the 0.1% and 5% significance thresholds according to the Listing Rules.

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