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Cheonan (00028), Sino Trader and Beauty Pearl sign 2026 agreement

Zhitongcaijing·11/13/2026 12:33:24
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Zhitong Finance App News, Tianan (00028) and United Group (00373) jointly announced that on November 13, 2026, Tianan, Sino Trader (an indirect wholly-owned subsidiary of Tianan, and Tianan is an indirect non-wholly-owned subsidiary of the Joint Group) and Beauty Pearl (holder accounting for 40% of the issued share capital of the joint venture company) entered into a 2026 agreement. Tianan agreed to use the lender as the beneficiary to provide 2026 guarantees for the beneficiaries to enable the project company 2 to fulfill its 2026 loan and other relevant transaction documents Total liability (including any payment liability), the total outstanding principal amount of the loan is not more than RMB 320 million (equivalent to approximately HK$372 million).