China Chunlai Education Group Co., Ltd. (HK:1969) has released an update.
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China Chunlai Education Group Co., Ltd. has announced a significant RMB150 million loan agreement for Anyang University, facilitated through Zhongyuan Bank Co. Ltd., Anyang Branch, to finance the construction of new campus buildings. The loan, backed by several guarantees and a rights pledge, aims to expand the university’s capacity and enhance the Group’s financial structure. The Board believes this agreement, effective from August 26, 2024, offers fair terms and aligns with the Company’s and shareholders’ best interests.
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