Shaoneng Group secures 360m yuan in bank credit lines
Guangdong Shaoneng Group secured 360 million yuan in new comprehensive credit lines from three banks to fund working capital and domestic letters of credit.
The company obtained a 200 million yuan credit line from Huaxia Bank and 100 million yuan from Industrial Bank. Its wholly-owned subsidiary Shaoneng Group Shaoguan Risheng Biomass Power Generation also secured a 60 million yuan credit line from Shaoguan Rural Commercial Bank.
The financing aims to meet funding needs across the group and its subsidiaries while reducing financing costs.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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