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Black Peony (Group) Co Ltd to Issue Short-term Financing Notes; to Apply Loans and Provide Loan Guarantee


Monday, 25 Feb 2013 07:00pm EST 

Black Peony (Group) Co Ltd announced that it plans to issue two tranches of RMB 500 million worth of short-term financing notes, each with a term of 365 days. China Minsheng Bank will serve as the main underwriter. The Company also announced that it will apply to China Industrial International Trust Limited for a trust loan of RMB 500 million, with an annual interest rate of 6.6%, and one of RMB 500 million, with an undetermined interest rate. The Company will guarantee credit lines of up to USD 50 million for its subsidiary, a Hong Kong-based import and export company. 

Company Quote

7.03
0.06 +0.86%
20 Oct 2014