China Resources Sanjiu Medical and Pharmaceutical (SHE:000999) signed a financial services agreement with the Shenzhen branch of the China Development Bank, according to a filing on the Shenzhen Stock Exchange.
The lender will provide financial product services, such as loans, debt, leases and securities, for the pharmaceutical company's various projects. The financial services to be provided will be up to 10 billion yuan.
The agreement is valid for five years, the Monday filing added.
Shares of the company slid more than 1% in recent trade.
Price (RMB): ¥40.07, Change: ¥-0.52, Percent Change: -1.28%
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