Core Viewpoint - China Jinmao (00817) has announced a framework agreement for a loan arrangement between its indirect non-wholly owned subsidiary Shanghai Qinmao Jia and its shareholders Xi'an Baomao and Qinrui Jia Shanghai, aimed at optimizing cash utilization and resource allocation [1] Group 1: Loan Agreement Details - Shanghai Qinmao Jia will provide loans to Xi'an Baomao and Qinrui Jia Shanghai based on their respective equity ownership proportions [1] - The maximum daily balance of loans provided by Shanghai Qinmao Jia, including accrued interest, is expected to reach RMB 1.032 billion [1] - The loan terms and conditions will be consistent with the equity ownership ratios of the shareholders involved [1] Group 2: Financial Strategy - The board believes that providing loans to shareholders will reduce idle cash reserves and enhance the utilization of funds [1] - The financial capital department will collaborate with Shanghai Qinmao Jia to determine the loan amounts and terms based on financial conditions [1] - Specific loan agreements will be submitted to the company's audit and legal department to ensure compliance with the framework agreement [1]
中国金茂附属上海沁茂佳与其股东西安葆茂及沁睿佳上海订立框架协议