On February 7, Jinke Property Group Co.Ltd(000656) (hereinafter referred to as ” Jinke Property Group Co.Ltd(000656) “) announced that the company had received the notice from the shareholder Huang Sishi that it had reduced its holdings of about 45.6494 million shares through centralized bidding and block trading respectively in the secondary market, with a reduction ratio of 0.85491%. After this reduction, the number of Jinke Property Group Co.Ltd(000656) held by Huang Sishi is 0.
On the same day, another announcement released by Jinke Property Group Co.Ltd(000656) showed that Huang Sishi’s reduction of Jinke Property Group Co.Ltd(000656) was to repay the due financing needs of financial institutions. It plans to continue to support the development of listed companies according to its own cash flow arrangements and the needs of the company in the next year. In view of this, Huang Sishi plans to sign the loan contract with Chongqing Jinke Enterprise Management Group Co., Ltd., a holding subsidiary of Jinke Property Group Co.Ltd(000656) , and provide it with a total loan of 120 million yuan with a loan term of one year. Within the above loan limit and term, it can be borrowed back and recycled. The annual interest rate of this loan is 10%.
The announcement pointed out that Huang Sishi, the daughter of Huang Hongyun, the actual controller of Jinke Property Group Co.Ltd(000656) , is a related party of the company, so this transaction constitutes a related party transaction.
