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YIDU TECH (02158.HK) Fails to Report USD65 million Secured Loan Product
2026-10-12 11:10:31 YIDU TECH (02158.HK) announced that it entered into a secured loan product provided by Goldman Sachs on May 26 last year, involving a loan amount of USD65 million. The transaction constituted a discloseable transaction and also constituted an advance to an entity, but the company failed to publish an announcement for the transaction in a timely manner. The company has now fully received the principal and interest payments under the transaction for the product. The group said that due to the low-risk nature of the product and its relatively short tenor, the product was initially not classified under Chapter 13 of the Listing Rules relating to advances to entities and Chapter 14 relating to transactions. The group will continue to implement internal control measures in the future to prevent recurrence of similar incidents. AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |