---
title: "YAXING CHEMICAL: Plans to apply for a loan of no more than 200 million yuan from its controlling shareholder"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229148734.md"
description: "YAXING CHEMICAL announced that the company intends to apply for a loan of no more than RMB 200 million from its controlling shareholder Weifang Urban Construction Development Investment Group Co., Ltd., with an annual interest rate of 6.9%, and no collateral is required using its own assets. This transaction constitutes a related party transaction and needs to be submitted for approval at the shareholders' meeting"
datetime: "2025-02-21T08:01:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229148734.md)
  - [en](https://longbridge.com/en/news/229148734.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229148734.md)
---

# YAXING CHEMICAL: Plans to apply for a loan of no more than 200 million yuan from its controlling shareholder

YAXING CHEMICAL announced that the company plans to apply for a loan of no more than RMB 200 million from its controlling shareholder, Weifang Urban Construction Development Investment Group Co., Ltd., with an annual interest rate of 6.9%, and no collateral is required using its own assets. This transaction constitutes a related party transaction and needs to be submitted for approval at the shareholders' meeting

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