FilingReader Intelligence
Citic Pacific Special Steel secures 65bn yuan financing deals
August 15, 2025 at 11:10 AM UTC•By FilingReader AI
Citic Pacific Special Steel Group renewed a three-year financial services agreement with CITIC Finance covering up to 7 billion yuan in deposits and 15 billion yuan in credit facilities.
The company also renewed 50 billion yuan in shareholder loans from parent CITIC Pacific Limited and affiliates. The loans carry rates 70 basis points below the one-year loan prime rate and are intended to boost working capital and operational efficiency.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Announcement of resolutions from the 19th meeting of the tenth board of directorsAugust 15, 2025 at 08:00 AM UTC
Announcement on the signing of the Financial Services Agreement with CITIC Finance Company Limited and the related party transactionAugust 15, 2025 at 08:00 AM UTC
Announcement regarding the related party transaction of the company and its subsidiaries borrowing funds from shareholdersAugust 15, 2025 at 08:00 AM UTC
Announcement regarding the convening of the third extraordinary general meeting of shareholders in 2025August 15, 2025 at 08:00 AM UTC
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