Zhefu Holding to provide financial aid to joint venture
Zhefu Holding Group (SZSE:002266) announced it will provide financial assistance of up to 45 million yuan (or equivalent in other currencies) to its joint venture, Huaneng Metal, to support its working capital and project construction needs. The loan term will not exceed five years, with interest rates aligned with the one-year Loan Prime Rate (LPR). Huaneng Metal, in which Zhefu Holding holds a 45% stake, is considered a related party due to board member overlap. Other shareholders will provide assistance in proportion to their shareholding. Huaneng Metal's assets totaled 170.92 million yuan with net assets of 9.85 million yuan at the end of 2024 and sales were 88.48 million with 1.79 million profit in 2024. The deal remains subject to shareholder approval at Zhefu Holding's upcoming extraordinary general meeting.
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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