According to the Zhitong Finance APP, Beijing North Star (00588) announced that its controlling shareholder, North Star Group, plans to increase its holdings of the company's A shares through the Shanghai Stock Exchange system via centralized bidding within 12 months from the date of this announcement, with a total increase amount of no less than RMB 45 million and no more than RMB 90 million, and the increase ratio not exceeding 2% of the company's total share capital.
Recently, the company received a notification from North Star Group. In order to actively respond to and fully utilize the policy tools supporting stock increases provided by relevant regulatory authorities, North Star Group has reached a cooperation intention with Bank of China Limited. The Beijing Olympic Village Branch of Bank of China Limited has issued a &#34;Loan Commitment Letter&#34; to North Star Group, promising to provide loan support for North Star Group's increase in company shares, with a maximum loan amount not exceeding RMB 81 million (in words: Eighty-One Million Yuan), specifically for North Star Group's increase in company shares in the A-share market. Therefore, the funding source for this increase plan will be North Star Group's own funds and self-raised funds (special loans for stock increases)

601588

00588

601988

BACHY

03988

Beijing North Star Holdings Group plans to increase its holdings of the company's A-shares through centralized bidding within the next 12 months, with an increase amount between 45 million and 90 million yuan, and the increase ratio not exceeding 2%. North Star Group has reached a cooperation intention with Bank of China to obtain loan support of up to 81 million yuan for the purpose of increasing its shareholding

Zhitong

Beijing North Star

BEIJING N STAR

Bank Of China

Bank of China

BANK OF CHINA

Beijing North Star Holdings Group plans to increase its holdings of A-shares by 45 million to 90 million yuan