Yantian Port takes RMB1bn loan from parent

Guangzhou: Shenzhen-listed Yantian Port Ltd has announced that it plans to take a two-year loan of RMB1bn from parent Yantian Port Group.

The port said the loan will be used to replenish working capital.

Yantian Port announced this week that it planned to invest RMB400m to set up a joint venture to develop a Yangtze River port in Hubei province, an effort to further expand its presence inland. [28/11/14]

 

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