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According to the Shiyun Circuit announcement, the company recently obtained a “Stock Repurchase Loan Commitment Letter” issued by the Jiangmen branch of China Construction Bank. The loan amount is 270 million yuan, the loan ratio is no more than 90% of the stock transaction price. The loan period is one to three years, and the interest rate is as low as 1.8%, to be used for transaction prices and expenses related to the repurchase of shares of listed companies.
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According to the Shiyun Circuit announcement, the company recently obtained a “Stock Repurchase Loan Commitment Letter” issued by the Jiangmen branch of China Construction Bank. The loan amount is 270 million yuan, the loan ratio is no more than 90% of the stock transaction price. The loan period is one to three years, and the interest rate is as low as 1.8%, to be used for transaction prices and expenses related to the repurchase of shares of listed companies.
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