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China Enterprise Co Ltd and Subsidiary to Apply for Loans


Monday, 13 May 2013 08:00pm EDT 

China Enterprise Co Ltd announced that it will apply to a Shanghai-based real estate group for an entrusted loan of RMB 300 million, with a term of eight months and a comprehensive annual interest rate of 9.5%. The Company's subsidiary, a Shanghai-based real estate company, will apply to Changning Sub-branch of Industrial Bank for a loan of RMB 800 million, with a term of three years and an interest rate of 7.0725%. The Company's another subsidiary, a Shanghai-based real estate operation group, will also apply to a Shanghai-based guarantee company for a loan of RMB 100 million, with a term of one year and a comprehensive annual interest rate of 10%.