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FINWIRES

Jiangxi Rimag to Extend Up to 32 Million Yuan Loan to Two Units

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Jiangxi Rimag (HKG:2522) said it agreed to lend up to 32 million yuan to Beijing Rimag Yuntai Medical Devices and Wuhan ronggengs Medical Equipment, according to a Hong Kong bourse filing Tuesday.

The medical imaging company's shares fell nearly 4% in afternoon trade Wednesday.

The firm owns 51% of both businesses and said its lending facility will be available until Dec. 29, 2028.

The loan will accrue interest at an annual rate of 5.5%, the firm said.

Both businesses will use the borrowings for their business operations.

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