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Beijing Capital Development Co Ltd's Subsidiary to Apply for Loan; to Provide Loan Guarantee


Thursday, 8 Aug 2013 08:00pm EDT 

Beijing Capital Development Co Ltd announced that its Beijing-based subsidiary, a property company, will apply to Beijing Branch of China Construction Bank for a loan of 1,500 million, with a term of three years. The Company will provided a loan guarantee of up to RMB 400 million for the above loan of the subsidiary. In addition, the subsidiary will also apply for Liulichang Sub-branch of Bank of Beijing for a loan of RMB 500 million, with a term of three years, and the Company will provide a loan guarantee of up to RMB 50 million for the loan.