Datang signs a framework agreement for a entrusted loan for the Tolon coal chemical project
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The last edit to this post was made by jordan569 on 2013-1-6 at 21:39. On October 25, 2011, Datang Group announced that it had signed framework agreements for entrusted loans with an energy and chemical company, the Diaoyutai branch of China Construction Bank, and Dolun Coal Chemical Company; the purpose of these loans was to ensure the smooth progress of the Dolun Coal Chemical project. It is reported that the principal amount of this entrusted loan is 2 billion RMB, and the term of the entrusted loan framework agreement is 36 months, running from October 12, 2011, to October 11, 2014. From China Coal Chemistry Network. Note: # ) # # , .
Datang had the highest losses among central state-owned enterprises last year – does it still need to take out loans?
Not taking out a loan means suffering even greater losses; it’s all **money anyway, just moving from one wallet to another – it doesn’t matter.