Chengtun Mining secures financing through guarantees and credit facilities

Chengtun Mining Group (SSE:600711) has announced a series of strategic financial moves aimed at bolstering its operational capabilities. The company, along with its subsidiary Shengtun Metal, has secured a credit facility of up to CNY300 million from China Merchants Bank's Xiamen branch. Of this, CNY250 million is allocated to Chengtun Mining and CNY50 million to Shengtun Metal, with both entities bearing joint liability for the total amount.