Maoming Petro-Chemical Shihua Units Obtain 390 Million Yuan Credit Line

MT Newswires Live10-08

Maoming Petro-Chemical Shihua (SHE:000637) subsidiaries sought 390 million yuan in revolving credit lines from China CITIC Bank (HKG:0998, SHA:601998), according to a Tuesday filing with the Shenzhen Stock Exchange.

Maoming subsidiary Dongcheng sought a 240 million yuan credit line while Zhanjiang Shihua sought a 150 million yuan credit line, the filing said.

The term will not exceed three years, according to the filing.

Maoming's shares closed 3% higher during Tuesday's trading.

Price (HKD): $3.66, Change: $+0.090, Percent Change: +2.52%

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