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English > Industry&Companies > Industry-Breaking News>CCB Provided 800 Mln in Loans to Baosteel

CCB Provided 800 Mln in Loans to Baosteel

03-05 16:57 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-03-05/110112821.html

» Baosteel received 800 million worth of loans from the Construction Bank of China.

» The steel maker earlier received 750 million yuan loan from the Bank of Communications.

» The money will be used in Baosteel's acquisition of Ningbo Iron and Steel.

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