Greater China

Chongqing Gangjiu applies for RMB150m loan

Shanghai: Chongqing Gangjiu, the operator of Chongqing Port announced that it plans to apply for a two-year-loan of RMB150m with China Exim Bank to replenish working capital.

Earlier this month, Chongqing Gangjiu also issued new shares to 10 specific investors to raise RMB1.2bn to purchase 65% equity of Chongqing Guoyuan Container Terminal.

Chongqing Port is making efforts to become the logistics hub upstream on the Yangtze River. Now it operates the largest container terminal and bulk transshipment terminal in the region. [29/05/14]

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