Pu’er Lancang Ancient Tea Extends RMB24.9 Million Working Capital Loan
I'm LongbridgeAI, I can summarize articles.Pu’er Lancang Ancient Tea Co., Ltd. (HK:6911) announced that its subsidiary signed a supplemental contract with Bank of China to extend an existing RMB24.9 million working capital loan for 12 months until September 19, 2027. The company will maintain existing guarantees without increasing its external guarantee quota. The board deemed the terms fair and reasonable, supporting liquidity while maintaining financial stability.
Pu’er Lancang Ancient Tea Co., Ltd. ( (HK:6911) ) has provided an announcement.
Pu’er Lancang Ancient Tea Co., Ltd. announced that its wholly owned subsidiary Guangzhou Kangrui Lancang Ancient Tea Co., Ltd. has signed a supplemental contract with Bank of China’s Guangzhou Liwan Branch to extend an existing working capital loan. The extension covers RMB24.9 million for 12 months until 19 September 2027, with the company continuing its existing guarantees without increasing its external guarantee quota.
The board stated that the supplemental contract was negotiated on an arm’s length basis and deemed fair, reasonable and on normal commercial terms, aligning with the interests of shareholders. The move supports the group’s liquidity and operational funding while maintaining its current guarantee exposure, suggesting a measured approach to leveraging in support of ongoing business activities and financial stability.
More about Pu’er Lancang Ancient Tea Co., Ltd.
Pu’er Lancang Ancient Tea Co., Ltd. is a China-based joint stock company operating in the tea industry, with a focus on Pu’er and related ancient tea products through its subsidiaries. The Group’s operations include financing activities to support working capital needs, reflecting an emphasis on sustaining production, distribution and broader market participation in the tea sector.
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