CNNC International Limited (HK:2302) has released an update.
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CNNC International Limited has entered into a Facility Agreement securing a $50 million credit line for its uranium trading business, available from July 18, 2024, to July 17, 2025. The loan from CNNC Treasury Management Co. Limited must be repaid by the final date, with the condition that if CNNC International ceases to be a CNNC subsidiary, the full amount becomes immediately due. The company will provide ongoing disclosure in future financial reports as required by the Listing Rules.
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