Shoukai Shares provides financial assistance to subsidiaries
Beijing Capital Development announced it will provide CNY 176.36 million in financial assistance to seven joint venture project companies through shareholder loans, and also allocate surplus funds from five controlled project companies to minority shareholders. Specifically, shareholders' loans amount to CNY 41.10 million and surplus fund allocations total CNY 135.26 million. The company confirmed that all assistance aligns with standard industry practices and ensures that all shareholders provide proportional support to projects. The board has been authorized to execute the approved plan. The company also updated progress on overdue financial assistance from prior announcements.
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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