Tiantan Bio to provide CNY 397m in subsidiary loans

Beijing Tiantan Biological Products Corp (SSE:600161) will provide up to CNY 397 million in entrusted loans to four subsidiaries, including Kunming Blood Products, Guizhou Biologicals, Lanzhou Biologicals, and Shanghai Blood Products. These loans, facilitated through China National Pharmaceutical Group Finance Co (CNPG Finance), aim to support the subsidiaries' business development. The loans, with a one-year term, carry an interest rate benchmarked against China's one-year Loan Prime Rate (LPR).