Brief: Xinming China Holdings Says Xinming Group To Pledge Certificates Of Deposit To Wenzhou Bank
22/03/2019 15:16
March 22 (Reuters) - Xinming China Holdings Ltd 2699.HK :
* UNIT ENTERED INTO CERTAIN PLEDGE CONTRACTS WITH HANGZHOU
BRANCH
OF BANK OF WENZHOU
* XINMING GROUP AGREED TO PLEDGE CERTIFICATES OF DEPOSIT OF
A
TOTAL VALUE OF RMB535.4 MILLION TO WENZHOU BANK
* XINMING GROUP WILL RECEIVE 2% OF TOTAL AMOUNT OF PLEDGE
CONTRACTS AS GUARANTEE FEE
Source text for Eikon: urn:newsml:reuters.com:*:nHKS5LBMKl
Further company coverage: 2699.HK
((Reuters.Briefs@thomsonreuters.com;))
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