CONGLIN ENVIRONMENT: Received a commitment for a stock repurchase loan of 36 million yuan
CONGLIN ENVIRONMENT announced that the company recently received a "Loan Commitment Letter" issued by the Shanghai Bank's Shinan Branch, committing to a loan amount not exceeding RMB 36 million for stock repurchase activities. The commitment letter is valid for 12 months, and the loan term shall not exceed three years. The company has previously planned to repurchase shares through a centralized bidding trading method, with a total amount not less than RMB 20 million and not exceeding RMB 40 million, to stabilize the stock price and reduce registered capital. Specific loan matters will be subject to the contract signed by both parties, and the actual number of repurchased shares will be determined based on market and funding conditions
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