China Tianbao Group Secures RMB800 Million Loan Facility for Subsidiary from China Construction Bank
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China Tianbao Group Development Co. Ltd. announced a corporate guarantee agreement with China Construction Bank for an RMB800 million loan to its subsidiary, Huailai Tianbao Health Care Service Co., Ltd. The loan, maturing in July 2041, is at China's Loan Prime Rate minus 60 basis points, aiding cash flow and business operations. The board views this as beneficial for the subsidiary's financial management.
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