CNQC International Completes Major Financial Transaction

CNQC International Holdings Limited (HK:1240) has released an update.

CNQC International Holdings Limited has announced a major transaction involving the provision of financial assistance and a Deed of Indemnity related to a Facility Agreement with a wholly-owned subsidiary of the JV Company. As a result, the company has entered into guarantee arrangements, securing the obligations of the borrower proportionate to their shareholding interests. This transaction requires shareholder approval, which has been obtained from a significant group of shareholders, negating the need for a general meeting.

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