Hongli Group, Inc. (HLP) has released an update.
Hongli Group Inc. has secured two significant working capital loans to support its operations, one from the Agricultural Bank of China for approximately $1.32 million and another from China Minsheng Bank Corp., Ltd. for approximately $1.38 million. These loans, carrying different interest rates, are backed by personal guarantees and various forms of collateral, underscoring the company’s strategic financial maneuvers in the Chinese market.
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