China: Rongsheng and CDB Ink USD 100 Million Loan Agreement

China Rongsheng Heavy Industries Group Holdings Limited,signed agreement for a loan of US$ 100 million with China Development Bank (CDB) Hong Kong branch.

This offshore US-dollar loan marks a milestone on the cooperation history between CDB and the Group. CDB Hong Kong Branch is the launch pad for CDB’s transition into world market. Its operations were set up to serve strong Chinese enterprise in the international arena. The corporation with China Rongshengillustrates CDB’s support to domestic private-owned enterprise and CDB’s efforts as a financial bridge between mainland China and Hong Kong.

In addition, this cooperation is another successful practice after China Rongsheng secured its first overseas syndicated loan of US$220 million in August. This demonstrates great support from financial institutioins and China Rongsheng’s proactive risk management strategy.

Ch Rongsheng is a leading large-scale heavy industry enterprise group. It possesses two manufacturing bases of shipbuilding and offshore engineering in Nantong of Jiangsu Province and diesel engine in Hefei of Anhui Province both approved by NDRC, covering wide services ranging from shipbuilding, offshore engineering, power engineering, engineering machinery and etc.

Shipbuilding Tribune Staff, December 30, 2011; Image: rshi

Share this article

Follow World Maritime News

Posted on December 30, 2011

In Depth>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Europort 2017

The 38th edition of Europort will take place from 7-10 November 2017 in Rotterdam Ahoy. Established as one of the world’s leading maritime…

read more >

Mozambique Gas Summit & Exhibition

Mozambique Gas Summit & Exhibition is recognised as the leading strategic meeting for Mozambique’s gas industry. Working in partnership…

read more >

FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >