Haidilao International Holding's to Provide 500 Million Yuan Loan Facility to Connected Subsidiary

MT Newswires Live

2024-12-10

Haidilao International Holding's (HKG:6862) subsidiary Sichuan Xinpai Catering Management agreed to provide a loan of up to 500 million yuan to a connected subsidiary of the company, Xi'an Yanqing Catering Management, a Monday Hong Kong bourse filing said.

The loan will be used by the borrower for its daily production and operation and business expansion. The loan's term starts on Monday, Dec. 9, 2024, and matures on Dec. 8, 2027. The interest rate for the loan is set to be equivalent to the one-year LPR plus 20 bps.

Prior to the current loan agreement, the lender and the borrower had entered into two loan facility agreements, on May 29, for a loan facility of 20 million yuan, and on Nov. 15, for a loan facility of 2 million yuan.

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