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Tianyuan plans to apply for a loan of no more than 400 million yuan from Shaanguo Investment for the development and construction of compliant projects by its subsidiaries.
Ruisi Network News: On March 5th, Tiandi Yuan Co., Ltd. announced that the company has applied for a loan of up to 400 million yuan from Shaanxi International Trust Co., Ltd. The funds will be used for the development and construction of compliant projects by the company’s subsidiaries. The loan term will not exceed 12 months, with an annual financing cost of 8.50%. The company’s wholly-owned subsidiary, Suzhou Tiandi Yuan Jinshan Real Estate Co., Ltd., has provided a pledge guarantee for the loan with its 1% equity stake in Suzhou Guangxin Real Estate Co., Ltd.; another wholly-owned subsidiary, Suzhou Tiandi Yuan Mudu Real Estate Co., Ltd., has provided a pledge guarantee with its 99% equity stake in Suzhou Guangxin Real Estate Co., Ltd.