Lvji Technology Holdings, Inc. (HK:1745) has released an update.
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Lvji Technology Holdings Inc. has announced that its wholly-owned subsidiaries have secured RMB43,000,000 in fixed asset borrowing contracts with Industrial Bank for a term of 36 months. The funds will be used to cover data collection expenses for the purchase of online e-guide intangible asset projects. The borrowings, backed by guarantees and pledges from other subsidiaries and Mr. Zang Weizhong, come with a fixed interest rate based on the pricing benchmark interest rate at the time of disbursement.
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