Dongjiang Secures RMB 30M Revolving Loan Facility

Dongjiang Environmental Company (HK:0895) has released an update.

Dongjiang Environmental Company Limited, through its subsidiary Wosen Environmental, has secured a revolving loan facility of up to RMB 30 million from Rising Finance, a connected entity. The agreement, dated 28 May 2024, is primarily for working capital and refinancing purposes, with repayment due by 31 December 2026. The facility, secured by Wosen Environmental’s property rights, will feature preferential interest rates compared to those from other major banks in the PRC.

For further insights into HK:0895 stock, check out TipRanks’ Stock Analysis page.