Airport Shares extends financial aid to associate, Beijing Electronic City Airport
Beijing Airport High-Tech Park Co., Ltd. (Airport Shares) will extend a RMB91,672,878.39 loan to its associate, Beijing Electronic City Airport Co., Ltd., for another year at an annual interest rate of 4.35%. This decision follows approvals from the company's eighth board of directors’ twelfth meeting and the 2025 sixth extraordinary general meeting of shareholders. The extension is designed to support the associate's business development, capital turnover, and daily operations.
The original loan formed part of a larger funding initiative where Airport Shares and Electronic City provided loans totaling RMB216,972,878.39 to Electronic City Airport, in which Airport Shares holds a 42.85% equity stake. The current extension addresses the remaining principal balance after previous repayments totaling RMB1,300,000.00.
The company stated that this financial assistance extension will not adversely impact its normal operations. The total financial assistance provided by Airport Shares to external parties, including this extension, will amount to RMB548,230,200.00, representing 55.29% of its most recent audited net assets attributable to the parent company.
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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