Overview

ICBC (London) PLC provides a loan to Credit Capital Corporation II for unspecified purposes

Commitment Year•2015Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•United KingdomSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 8, 2015

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% host country ownership

Funding agencies

State-owned Commercial Banks

ICBC (London) PLC

Receiving agencies

Private Sector

Credit Capital Corporation II Limited (3C2 Ltd)

Collateral providers

Private Sector

PSR Equities Limited
SIP Consult Limited

Loan description

ICBC (London) PLC provides a loan to Credit Capital Corporation II for unspecified purposes

Interest type•Unknown

Collateral

This loan was secured by 5000 ordinary shares (50% share stake) of £1 GBP each in the capital of Credit Capital Corporation II with stock/share certificate number 1 as charged by PSR Equities Limited and 5000 ordinary shares (50% share stake) of £1 GBP each in the capital of Credit Capital Corporation II with stock/share certificate number 2 as charged by SIP Consult Limited.

Narrative

Full Description

Project narrative

On or around October 8, 2015, ICBC (London) plc entered into a facility agreement with Credit Capital Corporation II Limited (3C2 Ltd) — an England and Wales-incorporated financial company and wholly-owned subsidiary of England and Wales-incorporated holding company 3CG Holdings Limited, itself jointly owned by privately-held SIP Consult Limited (50% equity stake) and PSR Equities Limited (50% equity stake) — for unspecified purposes. This loan was secured by (i.e. collateralized against) 5000 ordinary shares (50% share stake) of £1 GBP each in the capital of Credit Capital Corporation II with stock/share certificate number 1 as charged by PSR Equities Limited (this charge was satisfied on September 11, 2019) and 5000 ordinary shares (50% share stake) of £1 GBP each in the capital of Credit Capital Corporation II with stock/share certificate number 2 as charged by SIP Consult Limited (this charge was satisfied on September 8, 2018).