China Singyes Solar Technologies Holdings Limited
Singyes Solar Secures US$100 Million Loan Facility – The financial program arranged by Heng Sang Bank and HSBC supports building Singyes’ leading position in the solar EPC and green buildings in Asia
Press release Singyes Solar Secures US$100 Million Loan Facility The financial program arranged by Heng Sang Bank and HSBC supports building (14th August 2015, HONG KONG) – China Singyes Solar Technologies Holdings Limited (“Singyes Solar” or “the Group”; 750.HK) announced that the Group received a US$100 million loan facility (“the Loan”) arranged by Hang Seng Bank* and HSBC** yesterday, which are the mandated lead arrangers and book-runners of the Loan. This is the largest US dollar syndication loan facility the Company has received in the past two years. In particular, this facility will further strengthen the Group’s financial flexibility to maintain a stable and strong cash flow as well as grow its leading position in the solar EPC and green building sectors in Asia. The Loan made or to be made under the facility would bear interest at the rate of LIBOR plus interest margin of 3.4% per annum. Mr. Liu Hongwei, Chairman of Singyes Solar, commented, “We are very flattered and honored to receive such strong support from the world’s strongest bank and a global systemically important bank. We are celebrating the anniversary of our six-year listing in Hong Kong and our successful growth by virtue of tapping into international financial support. We are also delighted to commence this financial arrangement at a very low benchmark rate, which has endorsed our stable financial structure. We will utilize the financial arrangement to further build our unique business and financial model.” – End – About China Singyes Solar Technologies Holdings Limited *Hang Seng Bank was named as the World’s Strongest Bank by Bloomberg Markets’ in July 2015, for the second year in a row. For further enquiries about Singyes Solar, please contact: End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=VRQKCJIWFG Document title: Singyes Solar Secures US$100 Million Loan Facility – The financial program arranged by Heng Sang Bank and HSBC supports building Singyes’ leading position in the solar EPC and green buildings in Asia Key word(s): Miscellaneous 14/08/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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