CDB extends 80b yuan in credit to Wuhan Iron & Steel (People's Daily)
8th December 2009
Wuhan Iron & Steel, China’s third-largest steel maker, was extended an 80 billion yuan ($11.72 billion) line of credit by China Development Bank (CDB) Sunday to finance its “overseas resource base construction” as well as development in China’s central, western and southern regions, the company announced on its website Monday. Following the news, the company’s stock rose 0.81 percent to 8.70 …
Source:CDB extends 80b yuan in credit to Wuhan Iron & Steel (People's Daily)
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