Jiangxi Copper, Heding Copper and Fuye Group enter into new cross-guarantee agreement
2018-11-21 17:50:53 [Print]
According to the recent announcement from Jiangxi Copper, the board of directors announced that Jiangxi Copper, Heding Copper, Fuye Group and counter guarantee entered into a new cross-guarantee agreement on November 16, 2018 for the purpose of satisfying Heding Copper's practical production and operation needs and lowering finance costs, as well as further strengthening mutual financing support with Heding Copper and Fuye Group. The recommended upper limit for the agreement is RMB1.6 billion. The counter guarantee will act as counter guarantee for Fuye Group.
According to sources, the new cross-guarantee agreement allows Heding Copper to obtain financing through lenders to support its daily and general businesses.
According to sources, the new cross-guarantee agreement allows Heding Copper to obtain financing through lenders to support its daily and general businesses.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' suspension number statistics by province by month
Unit: pcs
