North Industries Group Red Arrow Renews Financial Deal With Norinco's Financial Unit

MT Newswires Live

2025/03/21

North Industries Group Red Arrow (SHE:000519) renewed its financial service agreement with Bingtong Financial, a unit of China North Industries Group or Norinco Group, for three more years, according to a Shenzhen Stock Exchange filing on Friday.

Bingtong Financial will provide deposit, loan and credit services to the Chinese defense products manufacturer.

The deposit balance will be capped at 8 billion yuan, while the loans will not exceed 4 billion yuan. The total credit every year is limited to 4 billion yuan, the filing said.

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The total credit every year is limited to 4 billion yuan, the filing said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0037","symbol_name":"军民融合","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521231574","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521231574","pubTimestamp":1742536804,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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