Guangdong Orient Zirconic Industrial Science and Technology (002167.SZ) controlling shareholder increased its holdings in the company's shares to obtain a special loan of 140 million yuan.
Oriental Zirconium Industry (002167.SZ) announced that its controlling shareholder, Longbai Group, has acquired shares of China CITIC Bank.
Guangdong Orient Zirconic ind sci & tech (002167.SZ) announced that its controlling shareholder LB Group Co., Ltd. has obtained a "Loan Commitment Letter" from CITIC BANK Jiaozuo Branch ("CITIC BANK Jiaozuo Branch"). CITIC BANK Jiaozuo Branch will provide financing support to LB Group Co., Ltd. for increasing its stake in Guangdong Orient Zirconic ind sci & tech. The loan amount will not exceed 140 million RMB, with a loan term of no more than 1 year, and it will be specifically used for increasing its stake in Guangdong Orient Zirconic ind sci & tech through centralized bidding trading.
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