Shoukai Corporation: plans to apply for a 6 billion yuan revolving loan facility from its controlling shareholder.
Shoukai Group announced that the company plans to apply for a revolving loan amount of 6 billion yuan from its controlling shareholder, Shoukai Group, with a validity period until December 31, 2027. The individual loan term shall not exceed 5 years, and the interest rate shall not exceed 4.8%. Shoukai Group and its wholly-owned subsidiaries collectively hold 52.6561% of the shares, making this transaction a related party transaction but not a major asset restructuring. The proposal has been approved by the board of directors, with related directors abstaining from voting, and still requires approval from the shareholders' meeting, with related shareholders also abstaining from voting.
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