Ye Lian Iron and Steel Company issued an announcement: subsidiary company to Angang Lianzhong to increase the loan of NT $1.2 billion

Published: May 5, 2019 17:20

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SMM News: Ye Lian Iron and Steel announced that subsidiary Public Zone Co.LTD to Angang Lianzhong (Guangzhou) stainless Steel Co., Ltd. new NT $1236400000 loans, according to the real-time exchange rate equivalent to about 270 million yuan.

The announcement said that the new loan funds are mainly due to the working capital of Angang Lianzhong Company. The term of the new loan is one year, with an annual interest rate of 2.87%.

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