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A subsidiary of Tianchang Group (02182) was granted term loan financing of up to $280 million with variable interest

Zhitongcaijing·10/02/2026 12:01:16
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Zhitong Finance App News, Tianchang Group (02182) announced that on September 30, 2026, Tianchang New Material Technology (Huizhou) Co., Ltd., an indirect wholly-owned subsidiary of the company, and Bank of China Co., Ltd. Huizhou Branch (lender) have officially signed a term loan financing agreement. Based on this, the lender agreed to provide Tianhao with term loan financing of up to RMB 280 million at a variable interest rate to fund construction and equipment purchases involving the construction of a new production plant for advanced materials and semi-solid magnesium alloy injection molding.