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    Luoyang Molybdenum to provide USD13 million guarantee for its Chilean subsidiary

    2020-12-31 12:07:50   [Print]
    On December 30th, Luoyang Molybdenum announced that in order to improve decision-making efficiency, meet business development and daily financing needs and reduce financing costs, it intends to provide a guarantee of up to USD13 million to its wholly-owned subsidiary, IXM CHILE LTDA.

    IXM CHILE LTDA is mainly engaged in metal trade. Its net profit for the first nine months of 2020 is USD152,000.

    .Asian Metal CopyrightOn December 30th, Luoyang Molybdenum announced that in order to improve decision-making efficiency, meet business development and daily financing needs and reduce financing costs, it intends to provide a guarantee of up to USD13 million to its wholly-owned subsidiary, IXM CHILE LTDAAsian Metal Copyright
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