Xi'an Tourism: intends to borrow 50 million yuan from the controlling shareholder to repay the loan.
The Xi'an Tourism Announcement stated that the 11th Board of Directors of the company approved a resolution at its first ad hoc meeting in 2026 to borrow 50 million yuan from the controlling shareholder, West Travel Group, at an annual loan interest rate of 3.00%, specifically for repayment of loans, with a loan term of 3 months. West Travel Group holds 26.57% of the company's shares, making this transaction a related party transaction. The resolution must be submitted to the shareholders' meeting for approval, with West Travel Group abstaining from voting. As of September 30, 2025, West Travel Group's total assets were 8.235 billion yuan, net assets were 2.163 billion yuan, revenue for January-September 2025 was 2.022 billion yuan, and net profit was -212 million yuan. The company has engaged in related party transactions totaling 730,500 yuan with West Travel Group and its subsidiaries in the current year.
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