Jilin Province Chuncheng Heating Company Limited Class H (HK:1853) has released an update.
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Jilin Province Chuncheng Heating Company Limited has entered into a strategic transaction involving the acquisition of assets from its controlling shareholder, Chuncheng Investment, for approximately RMB82.9 million. Additionally, the company has agreed to provide a significant loan of up to RMB300 million to the same shareholder. These transactions, aimed at enhancing operational capabilities, are subject to compliance with Hong Kong’s listing rules, including reporting and shareholder approval requirements.
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