Brief: China Environment updates on Citic Bank loan
09/12/2015 09:40
Dec 9 (Reuters) - China Environment Ltd CHEN.SI : * Says update on Citic Bank loan * Unit Fujian Dongyuan Environmental Protection received approval-in-principle letter dated 7 December from Citic Bank Gu Fen Co Ltd Long Yan branch * Unit received approval-in-principle to convert the balance of RMB30 million bank loans from unencumbered to a new mortgage loan * "Citic is in the midst of processing the necessary bank facility documents to FJDY" * Says "loan will be guaranteed by the executive chairman of the group, Huang Min, and his spouse" * Says FJDY is expecting to receive and complete the loan and other bank documentations within next two weeks * Source text for Eikon ID:nSNZ3Gg0ch ((For more news, please click here CHEN.SI )) ((Bengaluru Newsroom; +91 80 6749 1130))
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