Hangzhou Tigermed Consulting (03347) obtains a commitment letter for stock repurchase loans from financial institutions.
Tiger Medicine (03347) announced that recently the company has received a "Loan Agreement"issued by the Hangzhou Branch of Bank of China Limited.
Hangzhou Tigermed Consulting (03347) announced that it has recently received a "Loan Commitment Letter" from Bank Of China Limited Hangzhou Branch, with the main contents as follows:
1. Loan Amount: not exceeding 700,000,000 (in Chinese characters: seven hundred million yuan), which is not more than 70% of the repurchase amount limit;
2. Loan Term: not exceeding 36 months;
3. Loan Purpose: specifically for the repurchase of shares of "Hangzhou Tigermed Consulting" (stock code 300347).
The actual loan amount combined with the funds already repurchased shall not exceed the maximum amount of this repurchase plan, and the specific business needs to meet the requirements of the "Notice on the Establishment of Stock Repurchase and Further Loan Policies" issued by the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission, as well as comply with the loan policies, standards, and procedures set by the bank according to relevant regulations.
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