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2012 November 19   18:10

China COSCO Holdings gets US$200m three-year-loan

Cosco’s Hong Kong-listed flagship has announced it has acquired a US$200m three-year-loan from China Agricultural Bank’s Singapore branch, SinoShipNews reports.

China COSCO applied for RMB1.4bn in standby letters of credit for the loan and currently China COSCO has a cumulative amount of external guarantees of US$724.43m.

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