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| Home : Yalian Steel Secures RMB 30 Million Trade Finance From Industry and Commercial Bank of China |
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May 25
2012 |
Yalian Steel Secures RMB 30 Million Trade Finance From Industry and Commercial Bank of China |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 24, 2012) - Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces that it has obtained a trade finance for RMB 30 million (CAD $4.8 million) from the Industry and Commercial Bank of China ("ICBC") to fund the working capital requirements of Yangzhou Yalian Steel Pipe Co., Ltd ("Yangzhou Yalian"), a wholly-owned subsidiary of the Company in China Availability of such trade finance further enhances the Company's ability to secure contracts in the future. |
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| Source:http://www.marketwire.com/mw/release.do?id=1661590&sourceType=3 |
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