Your current position: Home > Press Room > News Release

CIBC Granting 4 Billion RMB Credit Line to Sinochem

Date:2003-04-07 Source:Sinochem Group

Sinochem and the Industrial and Commercial Bank of China (CIBC) singed the 4 billion RMB credit line and 125 million USD financing agreement in the CIBC tower, March 25. Liu Deshu, Sinochem President, Chen Guogang, Sinochem CFO, Jiang Jianqing, CIBC President and Tian Ruizhang, Vice President participated in the signing ceremony.

The signing of the 4 billion RMB credit line agreement marks a new starting point in the bilateral cooperation between the two sides. They say that both Sinochem and the CIBC are Fortune 500 companies and will continue to expand cooperation to realize a win-win situation.