Seazen Group Ltd. (HK:1030) has released an update.
Seazen Group Ltd. has announced two major financial agreements involving loans with connected entities, requiring shareholder approval due to their significance. The company entered into a Loan Framework Agreement for RMB1,000.0 million and a separate Loan Agreement for RMB120.0 million, both to mature by September 2027. These transactions trigger reporting and approval requirements under the Listing Rules, necessitating an Extraordinary General Meeting (EGM) to obtain Independent Shareholders’ consent.
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