China National Building Material Company sets up US$1.43bn finance agreement

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China: China National Building Material Company (CNBM) has entered into an agreement with the Bank of Communications for finance of around US$1.43bn in the form of direct loans, debt-to-equity conversion and/or capital injection into members of the group. The finance will be used to improve the group’s asset-debt structure, improve production operations and pay for upgrades.

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URL: https://globalcement.com/news/item/5869-china-national-building-material-company-sets-up-us-1-43bn-finance-agreement

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