Hainan Haiqi Transportation Group (SHA:603069) plans to use its property assets as collateral to provide a mortgage guarantee of a 140 million yuan fixed-asset loan, according to a Shanghai Stock Exchange filing on Friday.
The assets included land and buildings in the Haikou East and West Bus Stations, Wenchang Bus Station and Baoting Bus Station in China.
The five-year loan, which has an interest rate of 3.5%, was applied at the Hainan Rural Commercial Bank in August. The loan would be used to purchase vehicles.
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