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Hong Kong ChaoShang Enters MoU for $500 Million Investment
Hong Kong ChaoShang Group (HKG:2322) has entered into a memorandum of understanding to potentially gain a $500 million investment from the Saudi Arabia Asia Division of Public Investment Fund (PIF), a
hk chaoshang gp (02322.HK) plans to cooperate with the Asia branch of Saudi Arabia's PIF in the form of PIF investment.
On July 4th, Gelunhui reported that the hk chaoshang gp (02322.HK) announced that on July 4th, 2024, the company signed a memorandum of understanding with the Public Investment Fund (PIF), based on which the company plans to cooperate with the PIF Asian division of Saudi Arabia in the form of PIF investment. Under the memorandum of understanding, PIF intends to invest in the company in the following areas: (i) Provide financing to the company for a period of five years through convertible bonds; and (ii) Provide financing to the company for a period of five years through loans. According to the memorandum of understanding, the total investment amount is 500 million US dollars, including 100 million US dollars and 400 million US dollars for financing projects and loans respectively.
Express News | Hong Kong ChaoShang - Total Investment Amount Pursuant to Memorandum Is US$500 Mln
Express News | Hong Kong ChaoShang Group - Intends to Collaborate With Public Investment Fund of Saudi Arabia Asia Division in Form of Investment From Pif
Express News | Hong Kong ChaoShang - Entered Into Mou With Public Investment Fund
China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.
Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.
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kavfam : you read that situation well. looks like a downward spiral.