Hailiang Co. controlling shareholder receives 860 million yuan share purchase loan commitment from CCB

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Hailiang Co. announced that its controlling shareholder, Hailiang Group, has obtained a loan commitment letter from the Hangzhou branch of China Construction Bank. The bank commits to providing an 860 million yuan stock purchase loan with a three-year term and an interest rate of 1.8 percent, to be used by Hailiang Group to increase its shareholding in the company on the A-share market. Previously, Hailiang Group had planned to increase its holdings within six months from the date of the announcement, with a total amount of no less than 600 million yuan and no more than 1 billion yuan, and a purchase price not exceeding 35 yuan per share.

Impact on assets 1

Others▲ · 1 stocks
Zhejiang Hailiang Co Ltd
002203
▲ PositiveCapitalrelevance

Controlling shareholder receives 860 million yuan loan commitment to increase shareholding, signaling financial support and confidence.

Off-coverage companies 1

海亮集团 (Hailiang Group Co., Ltd.)Private▲ Positive
Capitalrelevance

Hailiang Group obtains loan to fund share purchase, enhancing its ability to increase stake in the listed company.

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