ASYMCHEM (06821) Plans to Apply for Comprehensive Credit Facilities Not Exceeding RMB 2.5 Billion

Stock News

Aug 25

ASYMCHEM (06821) announced that given the successive expiration of bank credit facilities for the company and its subsidiaries, and to ensure credit continuity, meet the funding requirements for daily operations and business development needs of the company and its subsidiaries, and enhance the sustainable development capabilities of the company and its subsidiaries, the company plans to apply to financial institutions including Shanghai Pudong Development Bank Co., Ltd., China Merchants Bank Co., Ltd. Tianjin Branch, Bank of China Limited Dunhua Branch, Industrial and Commercial Bank of China Limited Dunhua Branch, Citibank (China) Limited, Standard Chartered Bank (China) Limited Tianjin Branch, and Bohai Bank Co., Ltd. Tianjin Branch for comprehensive credit facilities not exceeding RMB 2.5 billion (or equivalent foreign currency). The credit term shall not exceed one year after approval by the company's board of directors.

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Tianjin Branch, Bank of China Limited Dunhua Branch, Industrial and Commercial Bank of China Limited Dunhua Branch, Citibank (China) Limited, Standard Chartered Bank (China) Limited Tianjin Branch, and Bohai Bank Co., Ltd. Tianjin Branch for comprehensive credit facilities not exceeding RMB 2.5 billion (or equivalent foreign currency). 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