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Sanxin Medical announced on October 22. Recently, the company received a “Loan Commitment Letter” issued by the Nanchang Branch of China CITIC Bank Co., Ltd. The loan amount is no more than 52 million yuan, and the loan period is no more than 3 years. The loan purpose is a special loan for stock repurchase. The company's current special loan business for repurchase complies with the requirements of the People's Bank of China, the State Financial Supervisory Authority, and the China Securities Regulatory Commission's “Notice on Matters Relating to Establishing Stock Repurchase and Increase Reloans”, and also complies with the loan policies, standards and procedures formulated by banks in accordance with relevant regulations.
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Sanxin Medical announced on October 22. Recently, the company received a “Loan Commitment Letter” issued by the Nanchang Branch of China CITIC Bank Co., Ltd. The loan amount is no more than 52 million yuan, and the loan period is no more than 3 years. The loan purpose is a special loan for stock repurchase. The company's current special loan business for repurchase complies with the requirements of the People's Bank of China, the State Financial Supervisory Authority, and the China Securities Regulatory Commission's “Notice on Matters Relating to Establishing Stock Repurchase and Increase Reloans”, and also complies with the loan policies, standards and procedures formulated by banks in accordance with relevant regulations.
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