China East Education to Offer Credit Line to Three Shareholders

MT Newswires Live01-28

China East Education (HKG:0667) said it agreed to offer a credit line to three of its shareholders, according to a Hong Kong bourse filing Wednesday.

The firm will offer a revolving loan facility to Wu Junbao, Wu Wei, and Xiao Guoqing with a maximum daily drawdown of 80 million yuan each.

Interest will accrue at 6% per annum, the firm said.

All three individuals are also members of the company's board.

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