China Jinmao Holdings Group Limited (HK:0817) has released an update.
China Jinmao Holdings Group Limited has announced a Framework Agreement involving loan provisions by its indirect non-wholly owned subsidiary, Nanfan Rongmao, to its indirect shareholders based on their respective shareholding ratios in Nanfan Science and Technology City. The agreement, which commences on 28 June 2024 for a term of three years, outlines financial assistance from the Group to connected persons and is subject to reporting and announcement requirements, while exempt from independent shareholder approval.
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