Overview

Guangdong Rising International provides a $160 million USD loan to Guangdong Rising HK Energy for unspecified purposes in January 2016

Commitments (Constant USD, 2023)$174,515,452

Commitment Year•2016Country of Activity•AustraliaDirect Recipient Country of Incorporation•Hong Kong (China)Sector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 21, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

State-owned companies

Guangdong Rising International Limited

Receiving agencies

State-owned companies

Caledon Coal Pty Ltd
Guangdong Rising HK Energy Investment (Holding) Ltd

Guarantors

State-owned companies

Guangdong Rising Assets Management Co., Ltd. (GRAM)

Loan description

Guangdong Rising International provides a $160 million USD loan to Guangdong Rising HK Energy for unspecified purposes in January 2016

Interest type•Unknown

Narrative

Full Description

Project narrative

On January 21, 2016, Guangdong Rising International Limited issued a $160 million USD loan to Guangdong Rising HK Energy Investment (Holding) Ltd for unspecified purposes. The funds were then advanced to Caledon Coal Pty Ltd through an intra-group loan. Guangdong Rising HK Energy was an intermediate parent (100%) of Caledon Coal. Chinese state-owned investment group Guangdong Rising Assets Management Co., Ltd. (GRAM), the ultimate shareholder (100%) of both Caledon Coal and Guangdong Rising H.K. Energy, issued a guarantee for the repayment of this loan.