Standard Development Group Limited (HK:1867) has released an update.
Standard Development Group Limited has announced a voluntary loan agreement where its subsidiary, Standard Bio (Juye) Co., Ltd., will receive a RMB 50 million loan from Industrial Bank Co., Ltd., guaranteed by the company. This strategic financial move is aimed at bolstering the Group’s business development, improving cashflow and liquidity, and is considered by the directors to be fair and in the best interest of the company and its shareholders.
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