China Pharmaceutical borrows a 4-year loans of HK$150 from the bank

China Pharmaceutical (1093) announced to have signed a loans agreement with a Hong Kong bank on May 21, under which the bank would lend HK$150 mln to China Pharmaceutical with the time limit of 48 months, effective from May 21.

Pursuant to the agreement, China Pharmaceutical promised that during the limited period, the shareholding in China Pharmaceutical held by its leading shareholder Shijiazhuang Pharmaceutical should be remained above 40%, otherwise, it would be regarded as violation of the agreement and the finance should be repaid immediately.

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