Another “other people’s company”! This listed company will take up to 20 million interest-free loans to employees to buy houses!

A shares and “other companies”, a big hand, plans to take out 20 million yuan, interest-free loan to employees to buy houses! This company is called Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) .November 4, Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) announced that “to ensure the healthy and stable development of the company’s talent team, to better retain core talent”, plans to provide eligible employees with a cumulative total of up to 20 million yuan of interest-free loans within five years. Borrowing repayment method to take equal annual repayment, the repayment period shall not exceed 5 years.

As of today, Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) has more than 2,500 employees. However, not all employees can apply for interest-free loans from Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) . Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) Except for controlling shareholders, actual controllers and their associates, directors and supervisors of the company and their associates, foreign employees and associates as stipulated in the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange GEM.

According to the announcement, the borrowing object is applicable to the employees of Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) and its wholly-owned and controlled subsidiaries in China, and the professional and technical personnel in China who have served continuously for more than 2 years and meet the application requirements.Applicants must be core level 1 to core level 4 of the core professional and technical talents identified by Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) and have an annual performance appraisal grade of “qualified” (or above) in the past year. Borrowing can be used for the first purchase of family commercial housing for self-occupation, and must be bought in the city where you work (excluding self-built houses, residential bases, apartments, etc.).

The total borrowing pool is 20 million yuan, and the annual borrowing limit is 5 million yuan. The actual amount approved for home purchase borrowing may not exceed 1.5 times the applicant’s annual after-tax gross income and may not exceed the maximum borrowing amount corresponding to the professional level. The professional levels are Core Level 1 to Level 4, corresponding to different levels, with borrowing caps ranging from $300000 to $ Shanghai Pudong Development Bank Co.Ltd(600000) .

According to the announcement of Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) , the borrowing management method takes full consideration of the staff’s position level, performance ability and other factors, and the related risks are controllable, and there is no situation that damages the legitimate rights and interests of the company and all shareholders, especially the small and medium shareholders.

The Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) loan to employees after consideration and approval by the company’s board of directors, the company will sign the relevant loan agreement with specific employees respectively according to the actual situation.

The employees shall create a mortgage of the same amount on the house for the company according to the amount of the loan after signing the house sale contract. If the employee fails to repay the loan due to overdue, the company can dispose of the mortgage in priority to be paid.

Overdue, for the amount of the outstanding borrowing, interest will be calculated at the LPR (loan market quotation rate) for the same period of 5 years or more as published by the National Interbank Offered Rate Center, and the liquidated damages will be calculated at three ten thousandths of a percent per day.Information shows that Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) is a company engaged in the development, production and sales of high-precision satellite navigation and positioning system (GNSS) software and hardware products. The registered address and office address are located in Guangzhou.

In the first three quarters of this year, Guangzhou Hi-Target Navigation Tech Co.Ltd(300177) revenue and net profit both fell: revenue of 860 million yuan, down 24.81% year-on-year; net profit of 11.14 million yuan, down 83.71% year-on-year. However, the company’s cash flow is still abundant, as of the end of the third quarter, there are 500 million yuan of monetary cash on the books.

- Advertisment -