Lianyungang Port takes RMB200m loan

Shanghai: Lianyungang Port announced that the company has decided to apply for a RMB200m loan from DBS Bank (China) to satisfy the company’s financial needs.

The period of the loan is three years and the annual interest rate is 5.84% and the port said the deal will help expand the company’s financing channels.

Lianyungang Port reported a net profit of RMB1.12bn in the first nine months of this year, a year-on-year decrease of 8.57%. [09/12/13]

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