Lvji Technology Holdings, Inc. (HK:1745) has released an update.
Lvji Technology Holdings Inc. has announced that its wholly-owned subsidiaries have secured significant funding arrangements, including a RMB10 million loan from the Bank of China and a RMB20 million credit line from China Merchants Bank. These financial agreements, intended for covering ordinary operating expenses, are seen by the company’s Board as beneficial steps to bolster day-to-day business operations. The terms of both the loan and the credit agreement have been assessed as fair and in the shareholders’ best interests after careful negotiations.
For further insights into HK:1745 stock, check out TipRanks’ Stock Analysis page.