Pu’er Lancang Ancient Tea Secures Loan to Boost Operations

An update from Pu’er Lancang Ancient Tea Co., Ltd. ( (HK:6911) ) is now available.

Pu’er Lancang Ancient Tea Co., Ltd. has entered into a loan agreement with Agricultural Bank of China Limited for a term loan facility of up to RMB24,300,000. This agreement aims to diversify the company’s financing channels, support its operational capital needs, and optimize its liability structure. The loan is secured by the company’s inventory of Pu’er tea products. Trading of the company’s shares on the Hong Kong Stock Exchange remains suspended pending the release of its 2024 annual results.

More about Pu’er Lancang Ancient Tea Co., Ltd.

Pu’er Lancang Ancient Tea Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the tea industry. The company primarily focuses on the production and sale of Pu’er tea, with a notable product line including ‘Shiguangcang’ discs and traditional tea bricks.

Average Trading Volume: 15,338

Technical Sentiment Signal: Sell

Current Market Cap: HK$96.07M

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