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Lancang Ancient Tea (06911.HK) Signs RMB40 Million Credit Facility Agreement and Mortgage Contract with China Merchants Bank
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Lancang Ancient Tea (06911.HK) announced that on April 22 it signed a credit facility agreement with China Merchants Bank, with a credit limit of RMB40 million and a term of 12 months, from April 21 this year to April 20, 2027. The company also signed a mortgage contract with China Merchants Bank, pursuant to which it agreed to provide a maximum mortgage guarantee for all debts under the credit facility agreement, secured by the properties and land use rights of nine factory buildings of the former tea factory in Lancang County under its name. (sl/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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