Dazhong Mining's (SHE:001203) subsidiary, Anhui Jinrisheng Mining, agreed to borrow 250 million yuan from Bank of China's (SHA:601988, HKG:3988) Lu'an branch, according to a Shenzhen bourse filing on Friday.
Dazhong Mining serves as the guarantor for the loan.
The mining company's available guarantee balance for Jinrisheng Mining reduced to 1.20 billion yuan from 1.45 billion yuan.
Dazhong's shares jumped 3% during the midday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments