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SPDB signs strategic partnership with China Coal Group
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On Feb 18th, a grand signing ceremony was held in Beijing between SPDB and China Coal Group. Top management from both parties attended the event.
SPDB will provide a comprehensive credit line of RMB 3 billion to support China Coal Group for its and its subsidiaries’ operation in order to enhance the core competence of the group in energy industry. According to the agreement, SPDB will provide a wide range of financial products including: fixed asset loan, working capital loan, acceptance of bills, discount of bills, factoring of receivables, guarantee business, letter of credit, package loan, forfeiting, guarantee of bill of lading etc. The establishment of such a strategic partnership between the two parties will further promote the cooperation and development between SPDB and China Coal Group.
Mr Zhang Guangsheng, chairman of SPDB, hoped that the strengthened cooperation with China Coal Group will further promote the relationship and bring mutual benefits to both parties.
Mr. Jin Tianliang, General manager of the group, believed with the strong financial support from SPDB, China Coal Group was able to speed up its development in strategic transformation and engaged in multi business in the energy industry.
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