Narrative
Full Description
Project narrative
On 27 May 2016, Metorex (as borrower), an indirect wholly owned subsidiary of Jinchuan Group, entered into a facility agreement with China Development Bank Corporation (as lender), whereas Jinchuan Group acted as guarantor, in relation to a loan facility for the purpose of funding its working capital and operations in an amount of US$25,000,000. The final repayment date of the loan facility will be the date falling on the last day of a 12-month period from the date of the first utilization of such facility, which took place on 6 June 2016. The loan facility was fully repaid.