BEST MART 360 (02360) subsidiary enters into a credit agreement of 65 million yuan.

date
21:26 12/11/2025
avatar
GMT Eight
360 (02360) issued an announcement that on November 12, 2025, the company's wholly-owned subsidiary, Cai...
BEST MART 360 (02360) announced that on November 12, 2025, its wholly-owned subsidiary, Caiou International Limited (as the borrower), entered into a credit agreement with a bank (as the lender) for a credit facility of 65 million RMB. According to the credit agreement, the lender has agreed to provide the borrower with various banking facilities (loan financing), which may include term loans and/or revolving credit financing, subject to approval by the lender. The loan financing will be available for drawdown over a 24-month period from the date of the credit agreement. The funds from the loan financing will be used by the borrower to support its working capital management and expenses related to its business operations.