Huayu Expressway Group (HKG:1823) said its subsidiary Guizhou Renhuai Huayu Liquor obtained a 300 million yuan banking facility from China Construction Bank (HKG:0939, SHA:601939), a Thursday Hong Kong bourse filing said.
The facility has a term of 10 years and is intended for the construction of Chanshu Village Project in Renhuai City, Guizhou Province, China.
So far, 112.1 million yuan of the facility has been utilized.
The company has agreed to provide a corporate joint and several liabilities guarantee in favor of the bank concerning the banking facility.
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