Sany Heavy Industry Enters 2026 Deposit Agreement with Sanxiang Bank
Sany Heavy Industry Co., Ltd. has announced a 2026 Deposit Services Framework Agreement with Sanxiang Bank, effective January 1, 2026, to December 31, 2026. The agreement involves connected transactions due to Sany Group’s voting rights in Sanxiang Bank, with an annual deposit cap of RMB6,000 million and expected interests of RMB138 million. Interest rates will align with major domestic banks in China. The agreement requires shareholder approval under Shanghai’s Listing Rules but not Hong Kong’s.
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