FilingReader Intelligence

Gemdale secures 9.5m yuan loan for Nanjing project

July 31, 2025 at 11:19 AM UTCBy FilingReader AI

Gemdale Group obtained a 9.5 million yuan loan from Industrial and Commercial Bank of China for its Nanjing project through subsidiary Shenzhen Jinbaolin Investment.

The financing is backed by a 12 million yuan guarantee from Gemdale Education and tuition fee pledges from the Nanjing school operations. Gemdale Group's total external guarantees now stand at 17.98 billion yuan, representing 30.45% of net assets.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600383Shanghai Stock Exchange

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