AsiaAlum Group inks 6.5b yuan loan deal to boost production
By Zhan Lisheng | China Daily | Updated: 2010-03-27 07:56
Amount is biggest ever extended by a Chinese bank to private-sector company
GUANGZHOU - AsiaAlum Group, one of the world's leading premier aluminum processing companies, on Friday signed an agreement with a bank consortium led by China Construction Bank's Zhaoqing branch for a 6.5 billion yuan ($952 million) loan.
The figure marks the largest loan that any Chinese bank has ever extended to a private-sector company.
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