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Huarong International Financial inks US$25M loan facility

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Huarong International Financial inks US$25M loan facility

Huarong International Financial Holdings Ltd. entered into a loan facility agreement for up to US$25 million for a period of 18 months.

The facility will be available on the condition that China Huarong Asset Management Co. Ltd., the controlling shareholder of Huarang International, continues to hold no less than 51% of the company, according to a March 23 release.