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Yunda Holdings (002120) announced on the evening of May 16 that the company's controlling shareholder, Shanghai Luo Jiesi, has recently obtained a "Loan Commitment Letter" from the China Bank Shanghai Yangtze River Delta Branch. The China Bank Shanghai Yangtze River Delta Branch has committed to provide loan support for Shanghai Luo Jiesi to increase its holding of company's shares. The loan amount will not exceed 180 million yuan; the loan term will not exceed 3 years; and the loan ratio will not exceed 90%.
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