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Eternal Asia Supply Chain Management Seeks 1.8 Billion Yuan Loan from Controlling Shareholder

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Eternal Asia Supply Chain Management (SHE:002183) and its subsidiaries will borrow up to 1.8 billion yuan from controlling shareholder Shenzhen Investment Holdings, according to a Saturday disclosure to the Shenzhen bourse.

The loan will have a 12-month term and an interest rate based on the one-year loan prime rate with a floating point of minus 50 basis points.

The supply chain management company will use the proceeds to boost working capital and repay maturing bank loans, bank acceptance bills, and business maturities.

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