Tianjin Guangyu Development Co.Ltd(000537) it was announced on December 26 that in order to ensure the development and construction of real estate projects, Yibin Shanshui, a wholly-owned subsidiary of Yibin Luneng, a holding subsidiary of the company, obtained a development loan credit of RMB 800 million from Chengdu agricultural and commercial bank for a period of three years. The loan interest rate is one-year LPR + 90BP. At the same time, the loan interest rate is not less than 4.75% and not more than 5%. The purpose of the fund is project development and construction, For the mortgage of land and projects under construction, Yibin Luneng shall provide joint and several liability guarantee, and the guaranteed principal amount shall not exceed 800 million yuan. In order to meet the needs of the development and construction of Yibin landscape original works project, the board of directors and shareholders of Yibin Luneng agreed that Yibin Luneng would provide guarantee for the financing of Yibin landscape original works, and issued relevant resolutions.
(China Securities Journal · China Securities Network)
