CCOOP Group backs 525m yuan subsidiary loans

CCOOP Group has provided guarantees for loans totaling 525 million yuan taken by two subsidiaries for logistics projects.

Gong'an County Supply and Marketing Commercial Logistics secured 250 million yuan from Bank of China Jingzhou Branch for a commercial logistics park project, drawing 11.8 million yuan so far.

Mayang Supply and Marketing Commercial Logistics obtained 275 million yuan from Bank of China Huaihua Branch for a smart agricultural products cold chain logistics park, with an outstanding balance of 115.2 million yuan.