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Yunnan Energy International's Subsidiary to Get Loan Facility of 30 Million Yuan
Yunnan Energy International (01298.HK) subsidiary receives a revolving credit of 30 million yuan.
On September 11th, Yunnan Energy International (01298.HK) announced that on September 5th, 2024, its wholly-owned subsidiary Yunnan Energy Investment International Supply Chain Co., Ltd. ("Yunnan Supply Chain") entered into a financing agreement with China Citic Bank Corporation Kunming Branch, under which the lender has provided a RMB 30 million revolving credit to Yunnan Supply Chain. The credit financing can be used by Yunnan Supply Chain from September 5th, 2024 to March 17th, 2025 through loans, note discounting, corporate account overdraft, issuance of bank acceptance bills, guarantees, and letters of credit. The maturity date of the financing used by Yunnan Supply Chain will be determined based on the financing.
Express News | Yunnan Energy International- China CITIC Bank Kunming Branch Made Available to Yunnan Supply Chain Revolving Credit of RMB30 Mln on 5 Sept
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