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CMB plans to grant credit to Yahua Group, prompting overseas business expansion
On 10th Feb, the Board of Directors from Yahua Group examined and passed 《Bill of application to credit granting from CMB》, agreeing the group to apply credit granting amount to 400 million RMB to CMB. So far, Yahua Group has gained credit granting amount of more than 2.4 billion RMB from many banks, which provide powerful fund guarantee for enterprise speedy development.
The fund is very important for enterprise production and operation activity, during enterprise operation activity and development, whether the fund is sufficient and active, the management is scientific and reasonable, which directly responds enterprise quality and vitality. During recent years speedy development, the production and operation scale becomes larger and larger, fund requirement rises as well, therefore, to build multi-channel, convenient and safe fund-raising platform will be one of our important directions.
Yahua Group has normative operation management, nice conditions of assets,and many nice credit standing in banks. Yahua has been considered as strategic cooperation partners by many banks, and credit granting, loans as well as comprehensive service have been provided actively. At the end of the year 2013, Yahua successfully purchased Red Bull Company in New Zealand, which opened the acquisition prelude of international process. With this speedy process, we built overseas companies as our fund-rising platform, CMB provided us with 400 million RMB as credit granting about this, and business cooperation has been formed due to those over-all situation. Those cooperation will definitely improve power for its international business expansion and extension, and accelerate to realize the grand dream of becoming an international competitive civil explosion industry enterprise.