• 2013 February 4 10:49

  JES International gets $15m loan from China Minsheng

  

  The Board of Directors of JES International Holdings Limited announces that the company’s wholly-owned subsidiary, Jiangsu Eastern Heavy Industries Co., Ltd had entered into a banking facilities up to USD15 million with China Minsheng Banking Corp. Limited, Jiangsu Suzhou Branch, according to press release.
  The Facilities granted to the said subsidiary will be used for its working capital and is not expected to have any material impact on the net tangible assets or earnings per share of the company for the financial year ending 31 December 2013.

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