Hainan Haiqi Transportation Group (SHA:603069) finalized a 140 million yuan loan from Hainan Rural Commercial Bank to fund vehicle purchases, according to a Friday filing with the Shanghai Bourse.
The loan is secured against company-owned transport stations and land at the Haikou East and West Bus Stations.
The company has already drawn 100 million yuan from the loan, with the remaining 40 million yuan in balance.
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