Jilin Sino-Microelectronics (SHA:600360) plans to mortgage some of its assets for a loan worth 180 million yuan from China Construction Bank (HKG:0939, SHA:601939) for its business development needs, according to a Shanghai Stock Exchange disclosure on Jan. 22.
The assets comprise part of the company's real estate in High-tech Zone, Jilin City, China, which has a total land area of 112,387.81 square meters and a building area of 36,512.39 square meters, and part of its production machinery and equipment.
The mortgage period is 13 months, the filing said.
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