Yuexiu Transport Infrastructure (HK:1052) has released an update.
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Yuexiu Transport Infrastructure has secured a RMB50 million loan for a one-year term, contingent on its controlling shareholder, Yue Xiu, maintaining a minimum 30% shareholding and management control. The loan agreement stipulates that a default would trigger immediate repayment if these conditions are not met. Currently, Yue Xiu holds 44.2% of the company’s shares, ensuring a stable financial position for now.
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