Overview

Nanyang Commercial Bank provides a $100 million USD loan to Guangdong Rising HK Energy for unspecified purposes in 2012

Commitments (Constant USD, 2023)$108,381,783

Commitment Year•2012Country 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 4, 2012

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 Commercial Banks

Nanyang Commercial Bank (NCB)

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

Nanyang Commercial Bank provides a $100 million USD loan to Guangdong Rising HK Energy for unspecified purposes in 2012

Interest type•Unknown

Narrative

Full Description

Project narrative

On December 4, 2012, the Nanyang Commercial Bank (NCB) issued a $100 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 is an intermediate shareholder (100%) of Caledon. Chinese state-owned investment group Guangdong Rising Assets Management Co., Ltd. (GRAM), the ultimate shareholder (100%) of Guangdong Rising HK Energy and Caledon Coal Group, issued a guarantee for the repayment of this loan.