Lvji Technology unit takes RMB10M bank loan for working capital
What's the deal? Guangzhou Lvji International Travel Agency Co., Ltd., a wholly owned subsidiary of Hong Kong-listed Lvji Technology Holdings, has signed a RMB10 million (about $1.5 million) corporate loan with the Huangpu Branch of Guangzhou Rural Commercial BankDealroom has a profile for this one. Try Dealroom →. The facility runs 12 months at a fixed annual interest rate of 3.2%, based on the one-year Loan Prime Rate plus a small premium.
What's the money for? The loan is earmarked for working capital to support the group's daily operations. Its board considers the terms fair and reasonable after arm's length negotiations.
What's the company? Lvji Technology, incorporated in the Cayman Islands and listed in Hong Kong, operates travel-related services through subsidiaries in China's tourism sector. Its current market capitalisation stands at HK$111.4 million.
Why now? The group relies on commercial banking relationships for liquidity, and corporate loans form part of its capital structure strategy. The lender is independent, and the deal is not a notifiable or connected transaction under Hong Kong listing rules.
The signal: This is a routine financing rather than a transformative raise. It shows a smaller listed travel operator leaning on bank credit — not equity markets — to fund day-to-day operations while keeping its structure independent of connected parties.
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