OCT Group secures loan for increased shareholding in Shenzhen OCT A
Shenzhen OCT A announced on August 28, 2025, that its controlling shareholder, OCT Group, received a loan commitment letter from the Shenzhen branch of Industrial and Commercial Bank of China. The commitment is for a special loan of up to 198 million yuan, with a term not exceeding 36 months, specifically for increasing its shareholding in Shenzhen OCT A.
OCT Group, based on its confidence in the company's long-term investment value, plans to increase its stake in Shenzhen OCT A through centralized bidding or block trading. This increase will occur over six months starting July 15, 2025, with an investment of no less than 111 million yuan and no more than 220 million yuan.
The company reminded investors that this share increase plan faces potential risks from capital market changes or other unforeseen factors, which could lead to delays or non-completion. The company committed to timely disclosure of information if any such risks arise during the plan's implementation.
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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