Leader Environmental unit receives 1-year extension on 80m yuan loan
LEADER Environmental Technologies' wholly owned subsidiary Jilin Anjie Environmental Engineering Co has renewed an 80 million yuan (S$17.4 million) facility from China Merchants Bank for another year beginning Nov 9, 2015, the maker of industrial environmental protection systems announced on Wednesday.
The loan was extended on substantially similar terms and conditions, Leader said.
The company has provided a corporate guarantee for the subsidiary. Executive chairman and chief executive Lin Baiyin and his spouse, Zhan Lanxiang, have also provided personal guarantees for the loan.
Leader shares were last bid at 3.3 Singapore cents and offered at 4.3 Singapore cents on Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag