Zijin Mining Group (02899) has announced that its controlling subsidiary, Tibet Julong, is planning to apply to a syndicate led by Bank of China for financing business of not more than RMB 12.2 billion (the same currency below). The company will provide joint and several liability guarantee for the loan of no more than RMB 9 billion, with a guarantee period not exceeding 12 years. As of the date of this announcement, the balance of guarantees provided by the company for Tibet Julong is RMB 5.5 billion.
Zijin Mining Group (02899) announced that its subsidiary, Tibet Julong, intends to apply to the syndicate led by Bank of China for financing business with a total amount not exceeding RMB 12.2 billion (same currency below). The company will provide joint and several liability guarantee for the above-mentioned loan, with a total amount not exceeding RMB 9 billion, and the guarantee period not exceeding 12 years. As of the date of this announcement, the remaining amount of guarantees provided by the company for Tibet Julong is RMB 5.5 billion.
