Agricultural Bank of China (SHA:601288, HKG:1288) committed to provide Jilin Aodong Pharmaceutical Group (SHE:000623) the 420 million yuan loan it applied, the pharmaceutical company said in a Shenzhen bourse filing on Wednesday.
Aodong Pharma will use the loan to fund its share buyback plan.
The loan, which is valid for one year, will have a 2.25% interest rate, according to the filing.
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