Shanshui Cement inks strategic team-up deal, China
China Shanshui Cement said its wholly- owned subsidiary Shandong Shanshui Cement entered into a strategic cooperation agreement with Bank of China, Jinan Branch to form a long-term strategic cooperation relationship and Shandong Shanshui will use BOC as a principal banker.
Under the agreement, BOC will grant Shandong Shanshui a composite credit line of up to CNY3bn which may be increased subject to the business development of Shandong Shanshui and the parties’ future discussions; BOC will give priority to Shandong Shanshui in relation to approval of Shandong Shanshui’s financing applications; and BOC will give Shandong Shanshui favourable credit terms.
