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China Fiberglass Co Ltd to Provide Loan Guarantee for Subsidiary


Sunday, 18 Aug 2013 08:00pm EDT 

China Fiberglass Co Ltd announced that it has decided to provide a loan guarantee of RMB 2.044 billion for a wholly owned subsidiary, Jushi Group Co., Ltd. As details, the Company will provide a loan guarantee of RMB 1,000 million for Jushi Group Co., Ltd. with Zhejiang branch of The Export-Import Bank of China and a term of 32 months; a loan guarantee of USD 10.7 million with Zhejiang branch of China Development Bank with a term of five years; a loan guarantee of USD 45 million with Zhejiang branch of China Development Bank with a term of one year; a loan guarantee of RMB 200 million from Jiaxing branch of Industrial Bank Co., Ltd., with a term of two years; a loan guarantee of RMB 500 million with a Jiaxing branch of China Citic Bank, with a term of two years. 

Company Quote

8.37
0.16 +1.95%
10 Jul 2014