Gelonghui, January 24 | Guanzhong Bus Group (00306.HK) announced that on January 24, 2024, the Company's wholly-owned subsidiary Huandao Travel Service Co., Ltd. (as a borrower), the company and several of its subsidiaries (as joint and individual guarantors) entered into a financing agreement with a bank group (“lender”) relating to a term loan of up to HK$1.55 billion, which is valid for a period of five years from the date of initial withdrawal of the financing, and most of the principal amount will not be repaid until the end of the loan period. The financing will be used to refinance the Group's existing debts and finance the Group's corporate capital needs.
冠忠巴士集团(00306.HK)获授不超15.5亿港元定期贷款融资
Kwun Chung Bus Group (00306.HK) was granted term loan financing of no more than HK$1.55 billion
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