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Is it good or bad for CCCC to apply for 650 million trust funds?
It's good. Due to business needs, CCCC Real Estate applied to Xiamen International Trust Co., Ltd. for 650 million yuan of trust financing, which can be withdrawn by stages, with the term of each period not exceeding 65,438+02 months and the annual interest rate not exceeding the financing cost range in the company's annual financing plan. This financing is pledged by part of the equity of CCCC Real Estate (Suzhou) Co., Ltd. (hereinafter referred to as "Suzhou Company"), a holding subsidiary of the company.
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