HONG RI DA Technology Chairman Extends 20 Million Yuan Loan to Company; Shares Rise 8%
HONG RI DA Technology's (SHE:301285) controlling shareholder and chairman, Wang Yutian, will extend a 20 million yuan loan to the company, according to a Thursday filing with the Shenzhen bourse.The loan will bear an interest rate not exceeding China's loan prime rate will have a term of one year.Shares of the connector manufacturer rose 8% in Thursday afternoon trading.