Red Star Macalline (01528) plans to apply for a loan of 400 million yuan from ICBC Shanghai Branch Sales Department

Zhitongcaijing · 03/25 11:01

Zhitong Finance App News, Red Star Macalline (01528) announced that the company plans to sign a “working capital loan contract” with the Shanghai Branch Sales Department of Industrial and Commercial Bank of China Co., Ltd. (“ICBC Shanghai Branch Sales Department”) to apply for a working capital loan of RMB 400 million (“this loan”) with a loan period of not more than 1 year and an interest rate of 1 year LPR+50BP from the company's wholly-owned subsidiaries, Shanghai Yumu Enterprise Management Co., Ltd., Shanghai Yu Xu Enterprise Management Co., Ltd., Shanghai Yuzhu Enterprise Management Co., Ltd. and Shanghai Yuxiao Enterprise Management Co., Ltd. intend to provide collateral for this loan for the remaining value of the 2-8-story property located in Nanbei Building No. 2 and No. 5, Lane 1466, Shenchang Road, Minhang District, Shanghai.