China Enterprise Company Limited's Subsidiary to Apply for Loan; to Provide Guarantee

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China Enterprise Company Limited's Subsidiary to Apply for Loan; to Provide Guarantee

Date:2012/01/18

China Enterprise Company Limited announced that the Company's subsidiary, Shanghai Gubei (Group) Co., Ltd. (Subsidiary A), will apply to Shanghai Estate Guaranty Co., Ltd for a loan of RMB 100 million, with a term of up to one year and an annual interest rate of 10%. The Company also announced that it will provide guarantee a trust plan of RMB 100 million for Subsidiary A.

Source:reuters

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