Zhongtian Construction (Hunan) Group Limited (HK:2433) has released an update.
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Zhongtian Construction (Hunan) Group Limited has announced the signing of loan and guarantee agreements with China Everbright Bank to secure funds for daily operations. Two subsidiaries, Zhuzhou Kaida and Hangxiao Steel, will receive 2.55 million RMB and 4 million RMB respectively, both with an annual interest rate of around 5% and with Hunan Zhongtian Construction Group Corporation providing guarantees. The company expects these agreements to enhance operational efficiency and overall financial stability.
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