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| Home : Changfeng Expands Bank of China Bank Loan Facility to RMB 130 Million |
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Apr 04
2011 |
Changfeng Expands Bank of China Bank Loan Facility to RMB 130 Million |
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TORONTO, ONTARIO--(Marketwire - April 4, 2011) - Changfeng Energy Inc. ("Changfeng")(TSX VENTURE:CFY), a natural gas utility operating in China, today announced that the Bank of China ("BOC") agreed to increase the Company's bank loan facility by RMB 30 million in the form of a one year line of credit (the "Credit Line"). The Credit Line is secured by the same collateral as that for its RMB 100 million ($15.4 million) long term loan announced on January 25, 2010. As a result, the BOC has increased the Company's total loan facility to RMB 130 MM. |
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| Source:http://www.marketwire.com/mw/release.do?id=1422124&sourceType=3 |
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