Qilu Expressway Grants RMB50 Million Loan to Qilu Energy Technology
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Qilu Expressway Co. Ltd. has granted a RMB 50 million loan to its subsidiary, Qilu Energy Technology, for one year. Shandong Zhengchen Technology Co., Ltd. will provide a guarantee for the loan. The transaction is classified as a connected transaction under Hong Kong Listing Rules, requiring reporting and announcement but exempt from independent shareholders’ approval.
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