Beijing North Star Company (HK:0588) has released an update.
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Beijing North Star Company has revised the terms of their loan contracts with investee company Guangzhou Guangyue, extending the maturity dates of two substantial loans to June 2026. The amendments, which involve a total of RMB127.4 million provided by Beijing North Star, are classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring public reporting but not shareholder approval. This financial maneuver aims to facilitate project development and construction for Guangzhou Guangyue, with the interest rate set at 6.5% and financed through the group’s internal resources.
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