Lee & Man Paper Subsidiary Secures 1.5 Billion Yuan Fixed-Asset Loan with Corporate Guarantee

Stock News

Mar 25

Lee & Man Paper (02314) announced that on February 10, 2026, its indirect wholly-owned subsidiary, Guigang Lee & Man Paper Co., Ltd., as the borrower, entered into a fixed-asset loan agreement with the Industrial and Commercial Bank of China Limited, Guigang Branch, for a principal amount of RMB 1.5 billion. As required by the loan agreement, the company, acting as guarantor, has agreed to provide a joint liability guarantee to the lender to secure the subsidiary's payment obligations under the agreement, including payment obligations for a principal amount not exceeding RMB 1.5 billion.

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