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Shouguang Meilun Paper Plans To Carry Out Financial Leasing Business Amount Not Exceeding 1 Billion Yuan
- Dec 04, 2018 -

Chenming Paper announced that in order to further expand the company's financing channels, optimize the company's debt structure, at the same time revitalize fixed assets, supplement liquidity, and further enhance the company's profitability and market competitiveness. Shouguang Meilun Paper Co., Ltd. (hereinafter referred to as “Shouguang Meilun”), a wholly-owned subsidiary of the company, plans to carry out financial leasing business with China Railway Construction Financial Leasing Co., Ltd., the financing amount does not exceed RMB 1 billion (inclusive), and the financing period does not exceed 4 years (inclusive). The company provides guarantee for Shouguang Meilun to carry out the above-mentioned financial leasing business, and the guarantee method is joint and several liability guarantee.

 

In order to broaden the company's financing channels and optimize the company's debt structure, Shouguang Meilun, a wholly-owned subsidiary of the company, plans to carry out a financial leasing business with China Railway Construction Financial Leasing Co., Ltd., with a financing amount not exceeding RMB 1 billion (inclusive) and a financing period of no more than four years ( Contains). Qingdao Chenming Nonghai Finance Leasing Co., Ltd., a wholly-owned subsidiary of the company, intends to provide asset collateral for the financial leasing business of the 16th and 17th floors of the Qingdao Poly Center. As of October 31, 2018, the book value of the asset was 95,565,700, and the mortgage period was until December 2022.


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