HUALI(SH:603038) Shang Hai Zheng Quan Bao·2025-11-06 19:17Overview - The company, Dongguan Huali Industrial Co., Ltd., has announced its decision to apply for a merger loan from CITIC Bank Suzhou Branch, pledging 51% equity of its subsidiary, Suzhou Shangyuan Intelligent Technology Co., Ltd., as collateral [1][4]. Loan and Pledge Details - The company will apply for a merger loan amounting to 285 million yuan (approximately 28.5 million thousand) [1]. - The pledged equity amounts to 102 million yuan (approximately 10.2 million thousand) [2]. - The pledge period is set for 10 years, from November 5, 2025, to November 5, 2035 [3]. Impact on the Company - The merger loan will be used to pay part of the transaction price for acquiring 51% equity in Shangyuan Intelligent, which will help the company reduce long-term capital occupation [4]. - The equity pledge serves as a guarantee for the merger loan, supporting the company's operational development without imposing significant financial risks [4].