Zhejiang China Commodities City's shareholder secures CNY 900m loan

Zhejiang China Commodities City Group (SSE:600415) announced its controlling shareholder, Yiwu China Commodities City Holding, has received a loan commitment from Agricultural Bank of China Yiwu Branch. The commitment letter provides for a loan not exceeding CNY 900M with a term of up to three years. This funding will support the controlling shareholder's plan to increase its holdings in Zhejiang China Commodities City shares. As previously announced on April 9, 2025, the holding company intends to increase its stake by between CNY 500M and CNY 1B through means including centralized bidding and block transactions. The company cautioned investors that the stake increase plan could be impacted by capital market conditions or other unforeseen circumstances.