Shanghai Industrial Holdings (HK:0363) has released an update.
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Shanghai Industrial Holdings Ltd. has announced that its subsidiary, SIHL Finance, will provide two significant loans to a joint venture company, with amounts up to HK$450 million and RMB300 million, respectively. These loans, which are due for repayment in September 2025, have been classified as discloseable transactions according to the Listing Rules, due to their combined value. While shareholder approval isn’t required, the loans do necessitate reporting and announcement under the rules.
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