Beijing Orient Won Another 100 Billion Syndicated Loan Contract
On the afternoon of December 29th,
BOE
(000725.SZ) the mail sent to reporters by the public relations department said that in recent days, BOE has signed a total of about 10 billion 500 million yuan with the National Development Bank, the Agricultural Bank of China, China Everbright Bank, Huaxia Bank and Beijing rural commercial bank.
Loan contract
。
According to the mail, the loan will be used in the 8.5 generation of BOE Beijing.
TFT-LCD production
The construction and operation of the line project.
With the completion of bootleg A shares and the implementation of the syndicated loan, the 28 billion yuan of funds needed for the 8.5 generation line project in Beijing is all in place.
BOE Beijing 8.5 generation line project is the largest single industrial investment project in Beijing since its history, with a total investment of 28 billion yuan and a registered capital of 17 billion yuan.
At present, the project has entered the stage of equipment entry, and will achieve mass production in the three quarter of 2011.
BOE currently has a 5 generation line in Beijing and a 8.5 generation line under construction. In Chengdu, there is a 4.5 generation line that has been mass-produced, and Hefei has a 6 generation line that has just been mass produced.
BOE's three quarter earnings report showed that the total revenue of the company was 6 billion 200 million yuan, up 42.8% from the same period last year.
However, net profit lost 990 million yuan in the three quarter, down 30.6% compared with the same period last year.
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