Zhejiang Jinfei Kaida Wheel (SHE:002863) plans to apply for additional credit from three banks, according to a Shenzhen Stock Exchange filing on Thursday.
The Chinese auto parts manufacturer will apply for 100 million yuan each from China CITIC Bank (HKG:0998, SHA:601998) and Changjiang United Financial Leasing, and 80 million yuan from Ningxia Bank.
The credit will include bank loans, bank acceptance bills, letters of credit, export invoice financing, and bill pledges, the filing said.
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