NoonTalk Media secures a loan of 750,000 yuan for hosting the Golden Lion Awards | Lianhe Zaobao
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NoonTalk Media signed a convertible loan agreement with Huang Zeming, Honorary Chairman of Ruifeng Wealth Management, obtaining financing of 750,000 yuan, with an interest rate of 8% per annum. The loan interest will be paid in four quarterly installments, totaling no more than 810,000 yuan, and must be repaid within 12 months. In the event of default, it can be converted into shares of NoonTalk Media. The loan will be used to hold the "Golden Lion Awards" event, with a remaining 700,000 yuan after deducting expenses. The company's stock rose by 5.77%
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