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SunMoon Food enters into interest-free loan agreement and placement agreement with Jiangzhong Shiliao Technology

Felicia Tan
Felicia Tan10/28/2020 10:36 AM GMT+08  • 3 min read
SunMoon Food enters into interest-free loan agreement and placement agreement with Jiangzhong Shiliao Technology
Under the loan agreement, Jiangzhong Shiliao will loan RMB34.9 million ($6.9 million) interest-free to SunMoon Food Company.
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SunMoon Food Company says it has entered into an interest-free loan agreement with Jiangzhong Shiliao (Hubei) Technology Co on Oct 27.

The agreement was entered through Shanghai SunMoon Supply Chain Management.

In connection with the loan agreement, SunMoon Food has entered into a placement agreement with Jiangzhong Shiliao for the proposed allotment and issuance of a number of new ordinary shares that has yet to be determined.

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