Brief: Shougang Concord enters into facility letter with bank for revolving loan

Capital Industrial Financial Services

13/01/2017 09:00

Jan 13 (Reuters) - Shougang Concord Grand Group Ltd 
 0730.HK : 
    * SCG Finance Corporation Limited entered into facility 
letter with bank 
    * An uncommitted revolving loan of HKD70 million would be 
made available by bank to borrower 
    * Pursuant to facility letter, Shougang Corporation shall 
own beneficially at least 50% of entire issued share capital of 
co 
    * Facility letter entered into with China Construction Bank 
(Asia) Corporation Limited 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8ltzTD 
Further company coverage:  0730.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com))