Xiamen Wanli Stone's (SHE:002785) subsidiary, Tibet Wanli New Resources, plans to apply for a loan amounting to 10 million yuan, according to a Thursday filing on the Shenzhen bourse.
The loan, which will have a 12-month validity, will be applied from Bank of China's (HKG:3988, SHA:601988) Golmud branch.
The loan will be used to as payment for lithium brine, lithium mother liquor and other resources.
The marble, slate and granite producer's shares dropped 5% during the afternoon trade.
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