Capital Environment Holdings Limited (HK:3989) has released an update.
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Capital Environment Holdings Limited has extended a loan to its now partially-owned subsidiary, Capital Environmental Sanitation, to strengthen its financial position and support the ongoing development of sanitation services in rural China. The loan, with an interest rate of 6.5% per annum, will be used specifically for the Renqiu Project’s working capital and is expected to provide a stable income stream for the Group. No security has been provided for this loan, which is part of the Group’s strategy to maximize returns and manage risk exposure effectively.
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