Jiangsu Chengxing Phosph-Chemicals (SHA:600078) agreed to borrow loans worth up to 500 million yuan to pay debts, according to a Shanghai bourse disclosure on Thursday.
The loans were applied at Bank of China (SHA:601988, HKG:3988).
The loan includes 400 million yuan of one-year short-term working capital loans and 100 million yuan of two-year medium-term working capital loans, the thermal-based phosphate chemical manufacturer said.
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