FAWER: Provides overseas loans of no more than 3.5 million euros to a German fastener company
FAWER announced that the company will hold a board meeting on February 14, 2025, to review and approve the proposal to provide overseas loans to a German fastener company. The loan amount will not exceed EUR 3.5 million, with an initial loan of EUR 1 million and an additional amount not exceeding EUR 2.5 million. The loan term is 5 years, with an annual interest rate of 3.6%. This loan aims to alleviate the liquidity needs of the German fastener company and support its daily production and operations
