UNQ Holdings Limited (HK:2177) has released an update.
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UNQ Holdings Limited has voluntarily announced its provision of a substantial guarantee of RMB 100.0 million to support the repayment obligations of its indirect wholly-owned subsidiary, UNQ (Shanghai) Supply Chain Management Co., Ltd. The Board believes that this guarantee, which secures a loan agreement with the Bank of Shanghai, will benefit the company and its shareholders. This financial move is not categorized as a notifiable or connected transaction as per Hong Kong’s Listing Rules, and the company has disclosed it for transparency with shareholders and potential investors.
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