Minsheng Education Group Co. Ltd. (HK:1569) has released an update.
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Minsheng Education Group Co. Ltd. has secured a $15.12 million loan from The Bank of East Asia’s Beijing branch, with a repayment period of three years. The agreement mandates that Li Xuechun, the chairman and largest shareholder, maintains his control over the company. This move is expected to strengthen the company’s financial positioning.
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