---
title: "Chongqing Yu Development plans to fund 14.112 million to assist its affiliated company in repaying principal and interest on loans"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258827402.md"
description: "Chongqing Yukaifa Co., Ltd. approved financial assistance of no more than 14.112 million yuan to its affiliated company Chongqing Langfu Real Estate Co., Ltd. at the 45th meeting of the 10th Board of Directors, to help it repay the principal and interest of the loan from Bank of China. The assistance period is one year, with an interest rate based on the one-year LPR, and will be adjusted on January 1 of the following year. The relevant agreement was signed on September 24"
datetime: "2025-09-25T08:25:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258827402.md)
  - [en](https://longbridge.com/en/news/258827402.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258827402.md)
---

# Chongqing Yu Development plans to fund 14.112 million to assist its affiliated company in repaying principal and interest on loans

On September 16, 2025, Chongqing Yu Development Co., Ltd. held the 45th meeting of the 10th Board of Directors, reviewing and approving a proposal to provide financial assistance of no more than RMB 14.112 million to the affiliated company Chongqing Langfu Real Estate Co., Ltd. at a 49% equity holding ratio, for the purpose of repaying the principal and interest of the development loan for the Shanyucheng Phase 1.2 project from Bank of China Yuzhong Branch. The funding period is one year, starting from the date the funds are transferred to the designated account of Langfu Company. The interest rate will be based on the one-year LPR, and if adjusted, it will be revised on January 1 of the following year. On September 24, the company, Shanghai Fudi Investment Management Co., Ltd., and Langfu Company signed the Financial Assistance Agreement

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