STD Dev Group (01867) issued an announcement that on July 26, 2024, its subsidiary, STD Eco (Juyang), entered into a loan agreement with Industrial Bank Co., Ltd. Heze Branch ("Industrial Bank"), which acted as the lender, regarding the loan of RMB 50 million. As a prerequisite for the loan granted by Industrial Bank, the company has provided a guarantee for the repayment obligation of the loan under the loan agreement.
Intelligence Finance app news, STD Dev Group (01867) issued an announcement that on July 26, 2024, its subsidiary, STD Eco (Juyang), entered into a loan agreement with Industrial Bank Co., Ltd. Heze Branch ("Industrial Bank"), which acted as the lender, regarding the loan of RMB 50 million. As a prerequisite for the loan granted by Industrial Bank, the company has provided a guarantee for the repayment obligation of the loan under the loan agreement.
The company believes that entering into the loan agreement is beneficial to the Group, because it provides additional financial resources for the Group's business development and operation, and can strengthen its cash flow and working capital.
