Project ID: 73545

China Eximbank provides financing support to Guangken Rubber's acquisition of Thai Hua

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Thailand

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-08-01

Geography

Description

China Eximbank Guangdong Branch reported that it provided funding support to a Guangken Rubber (Trang) Co. Ltd. project in Thailand. Guangken Rubber Tailand (Trang) Ltd., was set up in August 2006. It is likely that the financing was used to support Guangken Rubber's acquisition of Thai Hua Rubber Public Limited, which is headquartered in Bangkok. The acquisition was completed in August 2016. China Eximbank Guangdong Branch was reported to have provided a loan to finance the acquisition from a PSL special fund. The acquisition is referred to as 广垦橡胶并购泰华项目 in Chinese.

Number of official sources

1

Number of total sources

3

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Details

Cofinanced

No

Direct receiving agencies [Type]

Guangken Rubber Group Ltd. [State-owned Company]

Loan Details

Bilateral loan

M&A