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Shanghai Electric Group to establish new subsidiary; to provide loan guarantee for subsidiary


Friday, 15 Aug 2014 08:00pm EDT 

Shanghai Electric Group Co Ltd:Says establishment of a wholly owned subsidiary in Hong Kong, namely Shanghai electric newage company limited, with a registered capital of 50 million yuan.The new subsidiary will be engaged in financing business for share acquisition project.To provide loan guarantee of 400 million euros for the Shanghai electric newage company limited, with a term of two years.To provide loan guarantee of HK$700 million for a wholly owned subsidiary, which is engaged in investment, import and export business, based in Shanghai, with a term of two years. 

Company Quote

3.92
-0.19 -4.62%
19 Dec 2014