KANGHUA HEALTH (03689): Rencare Hospital grants a loan to Tongli Industry with a principal amount not exceeding RMB 28 million.

date
20:00 19/05/2026
avatar
GMT Eight
Kanghua Medical (03689) announced that on May 19, 2026, Renkang Hospital (as the lender), Tongli Industry (as the borrower), and Renkang Nursing Home entered into a loan agreement. Accordingly, the lender has agreed to grant the borrower a loan with a principal amount not exceeding RMB 28 million, with a term of two years from the first drawdown date.
KANGHUA HEALTH (03689) announced that on May 19, 2026, Renkang Hospital (as lender), Tongli Industries (as borrower), and Renkang Care Home entered into a loan agreement. According to this agreement, the lender has agreed to grant a loan to the borrower in the principal amount not exceeding RMB 28 million, with a term of two years from the date of first withdrawal. The loan will be used by the borrower to construct a new care home complex on the borrower's land to complement the expansion of Renkang Care Home. The construction must strictly follow the design drawings, specifications, technical requirements, and construction schedule determined by the lender and Renkang Care Home, and must be leased to Renkang Care Home after completion. The loan is secured by a guarantee signed by Mr. Wang Junyang, the executive director, chairman, and controlling shareholder of the company, as guarantor, for the benefit of the lender.