Tianlong Optoelectronics applies for entrusted loan extension for its holding subsidiary

Tianlong Optoelectronics (300029) announced on the evening of the 18th that the company entrusted Shanghai Pudong Development Bank to lend 10 million yuan to Xinxiang Huasheng Tianlong CNC Equipment Co., Ltd. to supplement the company's working capital. The entrusted loan period is 12 months, and the entrusted loan annual interest rate. In order to use the current benchmark interest rate for lending.

The entrusted loan is divided into two payments, each time 5 million yuan. In order to meet the liquidity requirements of Xinxiang CNC operation, the company agreed to extend the loan period of 10 million yuan, the period of the extension is no more than 12 months, and the annual interest rate for renewal is 6% of the current loan benchmark interest rate.

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