C&D INTL GROUP (01908) subsidiary repays a portion of borrowed principal amounting to 2 billion RMB and accrued interest.
Kerui International Group (01908) has issued an announcement regarding the first phase renewable loan agreement and the second phase renewable loan agreement (collectively referred to as the renewable loan agreement) entered into by the company, Yiyue (an indirectly wholly-owned subsidiary of the company), and Kerui Property (the controlling shareholder of the company). As of the day before this announcement, Kerui Property had granted Yiyue a remaining principal balance of RMB 7 billion under the first phase renewable loan agreement, and a remaining principal balance of RMB 5 billion under the second phase renewable loan agreement.
C&D INTL GROUP (01908) announced that it has entered into the first tranche of renewable loan agreement and the second tranche of renewable loan agreement (collectively referred to as the renewable loan agreements) with its related companies Yiyue (an indirectly wholly-owned subsidiary of the company) and Jianfa Property (the controlling shareholder of the company).
On the day prior to this announcement, Jianfa Property granted Yiyue RMB 7 billion of the outstanding principal under the first tranche of renewable loan agreement, and RMB 5 billion of the outstanding principal under the second tranche of renewable loan agreement.
As per the amended redemption mechanism, on March 23, 2026, Yiyue repaid RMB 2 billion of the outstanding principal and interest due under the first tranche of renewable loan agreement to Jianfa Property. After the redemption, Jianfa Property granted Yiyue RMB 5 billion of the outstanding principal under the first tranche of renewable loan agreement, and RMB 5 billion of the outstanding principal under the second tranche of renewable loan agreement.
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