Shanxi Installation to Provide Up to 300 Million Yuan Guarantee for Zero-Carbon Project Loan

MT Newswires Live04-17

Shanxi Installation Group (HKG:2520) will provide guarantees of up to 300 million yuan for a loan extended to Shanxi Aviation Industry New Energy (SAINE) for a zero-carbon project, according to a Thursday Hong Kong bourse filing.

Shares of the construction services company were down nearly 2% in Friday morning trade.

The loan, funded by the New Development Bank and on-lent via the Shanxi Provincial Department of Finance, will support the construction of a zero-carbon energy project at Taiyuan Wusu Airport.

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