The company is providing loans to Guangdong Jiduo Bao Cans Manufacturing Co., Ltd., a wholly-owned subsidiary. The loan limit is 964,962仟元, with a new loan amount of 94,980仟元 for operating capital expansion and debt repayment. Separately, another loan of 92,257仟元 was provided for similar reasons. The total outstanding loan balance to subsidiaries is 1,541,304仟元, which is 63.89% of the company's net worth. Jiyuan Holdings also loaned USD 3 million, and Hubei Jiyuan loaned RMB 20 million.

FACT BOX

  • Source: PR Times
  • Category: Funding