---
title: "Costar Group: Plans to apply for a entrusted loan of 30 million yuan from its controlling shareholder"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/259318885.md"
description: "Costar Group announced plans to apply for a entrusted loan of 30 million yuan from its controlling shareholder, the Equipment Group, to be issued by China Construction Bank. The loan is a credit loan with a term of two years and an annual interest rate of 0.455%. This move aims to broaden financing channels, supplement working capital, optimize the financing structure, and not harm the interests of the company and minority shareholders. This matter has been approved by the board of directors and does not require approval from the shareholders' meeting"
datetime: "2025-09-29T11:13:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259318885.md)
  - [en](https://longbridge.com/en/news/259318885.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259318885.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/259318885.md) | [繁體中文](https://longbridge.com/zh-HK/news/259318885.md)


# Costar Group: Plans to apply for a entrusted loan of 30 million yuan from its controlling shareholder

Costar Group announced that in order to broaden financing channels and meet funding needs, the company plans to apply for a entrusted loan of 30 million yuan from its controlling shareholder, the Equipment Group, which will be issued by the Construction Bank. The Equipment Group holds a total of 42.19% of the company's total share capital, and this matter constitutes a related party transaction. This proposal has been approved by the board of directors and independent directors, and does not require approval from the shareholders' meeting, nor does it constitute a major asset restructuring. The loan is a credit loan with a term of two years, an annual interest rate of 0.455%, with interest settled quarterly and principal repaid at maturity. The purpose is to supplement working capital and optimize the financing structure, without harming the interests of the company and minority shareholders. From the beginning of 2025 to the date of the announcement, there have been no other transactions except for daily related party transactions

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