Suzhou Chunqiu Electronic Technology (603890.SH) has obtained a commitment letter from a financial institution for a special loan for share repurchase.
Suzhou Chunqiu Electronic Technology (603890.SH) announced that the company had previously planned to repurchase shares for an amount between RMB40 million and RMB80 million. Recently, the company received a Loan Commitment Letter issued by the Kunshan Branch of Industrial and Commercial Bank of China Co., Ltd. Loan amount: not exceeding RMB72 million; loan term: 3 years; loan purpose: exclusively for repurchasing the company's shares.
Suzhou Chunqiu Electronic Technology (603890.SH) announced that the company previously planned to repurchase shares for RMB40 million to RMB80 million. Recently, the company received a "Loan Commitment Letter" issued by the Kunshan Branch of Industrial and Commercial Bank of China Co., Ltd. Loan amount: not exceeding RMB72 million; loan term: 3 years; loan purpose: exclusively for repurchasing the company's shares.
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