Jiayou International Logistics' (SHA:603871) is looking to secure 1.50 billion yuan in loans from various banks, according to a Shanghai Stock Exchange filing on Friday.

The credit, which will have a term of 12 months, will not be limited to loans, bank acceptance bills, guarantees, letters of credit and bill discounts, the logistics services provider said.

The company's shares slipped less than 2% in recent trade.