News Column

Beijing Capital Development Wins CNY20bn Credit Line

May 26, 2014

BEIJING, May 26, SinoCast -- Beijing Capital Development Holding (Group) Co., Ltd. signed a strategic cooperation agreement with Bank of Beijing (SHSE: 601169). According to the agreement, the latter will grant a CNY 20 billion comprehensive credit line to it.

Bank of Beijing raised the credit line to CNY 20 billion. This will not only ensure normal loan business of Beijing Capital Development, but also provide rich capital guarantee for business conductions of Beijing Capital Development Co., Ltd. (SHSE: 600376).

People in the circle said the cooperation would help both sides put edges in resources and operations into full play. The strategic partnership would create a win-win situation.

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Source: Sinocast Construction & Real Estate Beat (China)