China Everbright Bank approves CNY 3bn credit line
China Everbright Bank (SSE:601818) announced its board has approved a CNY 3 billion comprehensive credit line for Guangda Yongming Life Insurance Co., Ltd., a related party controlled by the bank's parent company, China Everbright Group. The credit line will be valid for one year and be offered under standard credit terms. This transaction exceeds 0.5% of the bank's latest audited net assets. The transaction was approved by the bank's related party transaction control committee and independent directors and does not require shareholder or regulatory approval. Independent directors affirmed the transaction is fair and aligned with the interests of all shareholders.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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