Overview

Guangdong Rising International provides a $50 million USD loan to Guangdong Rising HK Energy for unspecified purposes in December 2016

Commitments (Constant USD, 2023)$54,536,079

Commitment Year•2016Country of Activity•AustraliaDirect Recipient Country of Incorporation•Multiple JurisdictionsSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 22, 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 $50 million USD loan to Guangdong Rising HK Energy for unspecified purposes in December 2016

Interest type•Unknown

Narrative

Full Description

Project narrative

On December 22, 2016, Guangdong Rising International Limited issued a $50 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.