Zhuhai Port supports subsidiary development

Guangzhou: Zhuhai Port Holdings has announced that its fully controlled subsidiary Zhuhai Port Logistics Development plans to apply for a RMB120m credit facility from China CITIC Bank and a RMB30m loan from HSBC.

Meanwhile, Zhuhai Gangda Supply Chain Co, another fully controlled subsidiary of Zhuhai Port, will apply for RMB20m loan from Bank of Communications.

The loans will be used to develop the business of the two subsidiairies, Zhuhai Port will provide guarantees for the loans. [10/07/14]

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