YAXING CHEMICAL: Plans to apply for a loan of no more than 200 million yuan from its controlling shareholder
YAXING CHEMICAL announced that the company plans to apply for a loan of no more than RMB 200 million from its controlling shareholder, Weifang Urban Construction Development Investment Group Co., Ltd., with an annual interest rate of 6.9%, and no collateral is required using its own assets. This transaction constitutes a related party transaction and needs to be submitted for approval at the shareholders' meeting
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