Solargiga Energy Holdings (HK:0757) has released an update.
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Solargiga Energy Holdings Limited plans to secure a 100 million RMB working capital loan for its subsidiary, Jinzhou Yangguang, backed by corporate and personal guarantees amounting to 120 million RMB. This move, seen as a vote of confidence by the bank in the Group’s solvency and prospects, aims to enhance the Group’s financial management and structure, while optimizing future financing costs. Shareholders are advised to be cautious when dealing in the company’s shares until the loan agreement is finalized.
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