Hengtong's controlling shareholder plans to invest 150 million to 300 million yuan to increase shareholding
I'm LongbridgeAI, I can summarize articles.Hengtong's controlling shareholder, Hengtong Group, plans to increase its stake in the company, with an amount between 150 million yuan and 300 million yuan. Agricultural Bank of China Suzhou Yangtze River Delta Integration Demonstration Zone Branch has committed to providing loan support of no more than 270 million yuan, with a loan term not exceeding three years, and the remaining funds will be provided by Hengtong Group's own funds
According to the Zhitong Finance APP, Hengtong (600226.SH) announced that its controlling shareholder, Hengtong Group Co., Ltd. (referred to as "Hengtong Group"), plans to increase its holdings by no less than RMB 150 million (inclusive) and no more than RMB 300 million (inclusive), with the number of shares to be increased based on actual trading conditions.
Recently, the Suzhou Yangtze River Delta Integration Demonstration Zone Branch of Agricultural Bank of China Co., Ltd. issued a "Loan Commitment Letter" to Hengtong Group, agreeing to provide a loan of no more than RMB 270 million to Hengtong Group for the purpose of increasing its holdings of the company's A-shares, with a loan term of no more than three years. Apart from the aforementioned loan, the remaining funds for this increase plan will come from Hengtong Group's own funds