Zhongtian Construction (Hunan) Group Subsidiaries Borrow 6.6 Million Yuan

MT Newswires Live06-18

Zhongtian Construction (Hunan) Group's (HKG:2433) subsidiaries borrowed a total of about 6.6 million yuan from China Everbright Bank (SHA:601818, HKG:6818), according to a Monday filing with the Hong Kong Stock Exchange.

Zhuzhou Kaida Lifting Apparatus Leasing borrowed nearly 2.6 million yuan from Everbright while Hunan Zhongtian Hangxiao Steel Structure Construction loaned 4 million yuan, the filing said. Both loans have terms of one year each and an effective annual rate of 5% each, the filing said.

Hunan Zhongtian Construction Group, another subsidiary of Zhongtian Construction, is the guarantor for both loans.

Shares closed 2% lower in Hong Kong on Tuesday.

Price (HKD): $0.22, Change: $-0.01, Percent Change: -2.24%

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