Zhongxing Telecom Acquires 700m Yuan Loan

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Wednesday, March 28, 2001, updated at 14:20(GMT+8)

Business

Zhongxing Telecom Acquires 700m Yuan Loan

Shenzhen Zhongxing Telecommunication Co., Ltd. (0063, SZSE) signed agreements with the State Development Bank (SDB) for project loans and buyer's credit on March 27.

It is learnt SDB will offer 700 million yuan in project loans to Zhongxing Telecommunication for the latter to construct R & D and production bases in Shenzhen, Shanghai and Nanjing.



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	Shenzhen Zhongxing Telecommunication Co., Ltd. (0063, SZSE) signed agreements with the State Development Bank (SDB) for project loans and buyer's credit on March 27.




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