Chongqing Zhifei Biological Products (SHE:300122) plans to sign a share buyback loan agreement with Bank of China's (HKG:3988) Chongqing branch for up to 210 million yuan.
The loan will be used exclusively to repurchase the company's shares, according to a Tuesday filing.
It has a term of up to three years and an amount capped at 70% of the buyback transaction price, the filing said.
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