Shandong Gold: Controlling shareholder obtains commitment letter for special loan to increase shareholding.

date
18/07/2025
Shandong Gold Announcement: The company's controlling shareholder, Gold Group, has obtained a "Letter of Commitment for Stock Increase Loan to Listed Companies" issued by the Shandong Branch of Industrial and Commercial Bank of China. Industrial and Commercial Bank intends to provide Gold Group with a loan amount not exceeding 900 million yuan for increasing the company's stock, with a loan term of no more than 3 years. Gold Group plans to increase its A-share holdings in the company within 12 months starting from April 9, 2025, with a planned amount of no less than 500 million yuan and not more than 1 billion yuan, funded by its own funds or self-raised funds.