Lingyi Itech Secures a Special Share Buyback Loan Commitment from a Major Bank

Stock News07-29

Lingyi Itech (01688) has announced the receipt of a formal loan commitment letter from a Chinese financial institution.

The company obtained the document from the Jiangmen branch of the Industrial and Commercial Bank of China (ICBC).

The loan facility is for a maximum amount of RMB 360 million, which is designated to be used as payment for the company's share repurchase transaction. The term of the loan is set for a period not exceeding three years.

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