Shandong Chenming Paper (01812) announced that its wholly-owned subsidiary, Shanghai Chenming Pulp & Paper Sales Co., Ltd. (hereinafter referred to as "Shanghai Chenming Pulp & Paper")...
Wisdom Financial APP News, Shandong Chenming Paper (01812) announced that its wholly-owned subsidiary, Shanghai Chenming Pulp & Paper Sales Co., Ltd. (hereinafter referred to as "Shanghai Chenming Pulp & Paper"), to meet the business development needs, intends to apply to banks for a credit line not exceeding RMB 0.7 billion (including RMB 0.7 billion), with a term of 5 years. Its wholly-owned subsidiary, jiangxi Chenming Paper Co., Ltd. (hereinafter referred to as "jiangxi Chenming"), intends to provide mortgage guarantee for Shanghai Chenming Pulp & Paper's financing business with some of its land and property. The company guarantees jointly for Shanghai Chenming Pulp & Paper, with a guarantee amount not exceeding RMB 0.7 billion (including RMB 0.7 billion), and a guarantee term of 5 years.