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.
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.
