Gold digger: Intend to apply for a 60 million yuan merger loan and pledge the equity of a wholly-owned subsidiary.

date
19/09/2025
Announcement from Wajinke: The company intends to sign a "Merger and Acquisition Loan Agreement" and a "Equity Pledge Agreement" with the Beijing branch of Xiamen International Bank, applying for a merger and acquisition loan of up to 60 million RMB to be used for the payment of the transaction price and expenses for the acquisition of the equity of the wholly-owned subsidiary Yitong Jiayue. At the same time, the controlling shareholders Li Zheng and Chen Kun will each provide joint and several liability guarantees of up to 60 million RMB. As of June 30, 2025, the net assets of Wajinke and its subsidiaries were 732 million RMB and 1.293 billion RMB respectively, with net profits of 30.8688 million RMB and 66.7676 million RMB respectively in the first half of the year.