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China Aerospace Secures RMB 1 Billion Loan for Expansion
CHINA AEROSPACE (00031.HK) wholly-owned subsidiary Nantong Kangyuan has been granted a loan of 1 billion yuan, which will be used for the new capacity construction project of the integrated circuit packaging substrate factory.
On January 17th, Gelonghui reported that CHINA AEROSPACE (00031.HK) announced that on January 16, 2025, its indirectly wholly-owned subsidiary Nantong Kangyuan Circuit Technology Co., Ltd. ("Nantong Kangyuan") (as the borrower) entered into a RMB syndicated loan contract with China Development Bank Jiangsu Branch (lead manager, guarantee agent), CM BANK Nantong Branch (joint lead manager, agent), and China Export-Import Bank Jiangsu Branch (collectively referred to as "the lenders"), with a loan amount of RMB 1 billion and a term of 8 years, which Nantong Kangyuan will withdraw in phases as needed.
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