Guanghong Holdings: Subsidiary plans to invest 1.843 billion in building a cold chain project, applying for 1.213 billion in loans.
Guanghong Holdings announced that several proposals were approved at the first temporary board meeting in 2026. It was agreed that the subsidiary Guangdong Guanghong Wisdom Port Industry Operation Management Co., Ltd. would invest in and construct the Guanghong Holdings Food Smart Cold Chain Base project, with the management authorized to operate within a range of not more than 1.843 billion yuan. It was also agreed that the subsidiary would apply for a long-term project loan of not more than 1.213 billion yuan from banks, with the company providing joint liability guarantees, and the authorization and guarantee period not exceeding 18 years. Both proposals will need to be submitted to the first temporary shareholder meeting in 2026 for approval. In addition, the board agreed to hold the first temporary shareholder meeting of 2026 on April 23rd.
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