Financial Street Holdings provides CNY 150m financial assistance
Financial Street Holdings (SZSE:000402) has announced a CNY 150 million financial assistance to Shengshi Xinhe Real Estate Co., Ltd., according to previous board and shareholder approvals. The assistance aligns with the company's strategy to support real estate development projects where it holds a stake. The funds will support Shengshi Xinhe's working capital needs, structured as a shareholder loan with a term of up to five years, interest-free. Financial Street Holdings has provided cumulative financial assistance that constitutes 8.19% of its latest audited net assets. The company affirms that risk control measures are in place, ensuring the security of funds, and states that this financial assistance is within the framework of existing shareholder approvals.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Financial Street Holdings publishes news
Free account required • Unsubscribe anytime