Dalian Sunasia Tourism (SHA:600593) agreed with Tongcheng Travel's (HKG:0780) indirectly-owned subsidiary to extend a loan agreement until Sept. 4, 2027, according to a Shanghai bourse filing on Thursday.
Under the agreement, which was signed in 2025, Suzhou Chuanglv Tianxia Information Technology will provide the tourism company a loan of up to 250 million yuan.
Currently, the outstanding principal of the loan agreement is 191.9 million yuan.
Sunasia's shares rose 3% at the close, while Tongcheng's shares fell 2% during the afternoon trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments