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China Chunlai Education's Universities to Borrow Up to 430 Million Yuan From Bank
CHINA CHUNLAI (01969.HK) has been granted a total of no more than 0.43 billion HKD in term loans for Anyang College and Shangqiu College.
On January 13th, Gelonghui reported that CHINA CHUNLAI (01969.HK) announced that on January 13, 2025: (i) Anyang College (as borrower, "Anyang College") entered into a working capital loan agreement with Shanghai Pudong Development Bank Co., Ltd. Anyang Branch (as lender, "Lender 1"), pursuant to which Lender 1 has agreed to provide a term loan to Anyang College of up to 0.24 billion yuan ("Loan 1"); and (ii) Shangqiu College (as borrower, "Shangqiu College") entered into a similar agreement with Shanghai Pudong Development Bank Co., Ltd. Shangqiu Branch (as lender, "Lender 2").
Express News | China Chunlai Education - Pudong Development Bank Make Available a Term Loan of up to RMB240 Mln to Anyang University
Express News | China Chunlai Education Group Co Ltd - Loan Agreements
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